wordpress blog stats
Connect with us

Hi, what are you looking for?

Ortel broadband revenue down 49.3% YoY, subscriber base down 17.6%

Multi system operator Ortel Communications said it had 65,262 broadband subscribers on its network during the quarter ended June, 2017 (Q1 FY18), down from 70,273 the previous quarter, and 73,087 at the end of the last financial year. The subscriber base is down 17.6% from 79,182 for the same quarter last year. Ortel’s Cable TV base however, increased to 766,480 subscribers from 747,528 last quarter. Note that broadband users accounted for 8% of Ortel's total total (broadband+cable TV) subscribers. This number was at 9.7% at the end of the financial year. Broadband contributes to 12% of Ortel's revenues. The company holds a Multi System Operator License and operates both broadband and cable TV service in states like Odisha, West Bengal, Andhra Pradesh, Telangana, Chhattisgarh and Madhya Pradesh. It claims to have a presence in 78 towns within these states, and has 61% of its subscribers in Odisha. “Severe competition, collection shortfalls" Bibhu Prasad Rath, CEO of Ortel Communications said in a statement that the performance was impacted by "severe competition in our core market, collections shortfalls, repayment of debt as well as integration issues among others. Financial year 2018 has been a difficult year for us on all the fronts and we are actively working towards restoring the business performance." "We have taken many firm steps to turnaround our performance over the last few months, and we expect operations to improve going forward. However, we will take one year to fully stabilize our business. In the near-term, our main effort…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ