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DEN Networks broadband biz reports loss of Rs 7.4cr in Q4 FY18

Multi-System Operator DEN Networks had 107,000 broadband subscribers at the quarter (Q4 FY18) and fiscal year ended March 31, 2018, which is down with 5% from 112,000 subscribers in last fiscal. Last quarter (Q3 FY18), the operator had close to 215000 subscribers, this means that DEN lost about 108,000 subscribers this quarter. DEN’s subscriber data usage has been growing while ARPU has been falling. For the year ended March 2018, ARPU fell by to Rs 632 from Rs 760 last fiscal year. This represents a decrease of 17%. The company did not share data usage. Last quarter (Q3 FY18), average data consumption per household stood at 80GB, up marginally at 2% from 78 GB from Q2 FY18, and 35.5% from 59 GB from Q3 FY17. The company made revenues of Rs 16.6 crore for the quarter from its broadband segment, which is down 24% YoY from Rs 21.8 crore in Q4 FY17. For full FY18,  it made Rs 75.3 crore from broadband, down 8% from Rs 81.8 crore in FY17. The broadband segment suffered a loss of Rs 7.4 crore during the quarter, which increased from 6.8 crore loss a year ago. The company said in its statement that broadband EBIDTA loss reduced to Rs 1 crore for FY18 as compared to Rs 9 crore in FY 17, primarily due to cost optimisation. Broadband strategy In a statement, it said that DEN its plans to tap broadband market by capitalising on its existing cable TV infrastructure. DEN provides cable services in over 400 towns…

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