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DEN Networks had 106K broadband subs in Q1FY19; Data usage down at 65GB

Multi-System Operator DEN Networks had 106,000 broadband subscribers in the April-June quarter (Q1 FY19) and fiscal year ended June 30, 2018, which is down with 1.8% from 108,000 subscribers in last fiscal. Last quarter (Q4 FY18), the operator had close to 107,000 subscribers, this means that DEN lost about 1,000 subscribers this quarter.

DEN’s subscriber data usage has been growing while ARPU has been falling. For the quarter ended June 2018, ARPU fell to Rs 552, from Rs 565 last quarter, and Rs 725 for the same quarter last year. Average data consumption per household stood at 64GB, down marginally at 19% from 80 GB last quarter.

The company made revenues of Rs 15.5 crore for the quarter from its broadband segment, which is down 26% YoY from Rs 21 crore in Q1 FY19. The losses remained the same at Rs 8 crore, as compared to the loss of Rs 8.2 crore in Q1 FY18.

The company said that it was able to roll out fixed line broadband services in 28 cities by end of Q1 FY 19 as part of the 100 cities plan. In terms of homes, there is an increase of 2% at 927,000 homes, from 913,000 last quarter. In Q1 FY18 it was 879,000.

Cable Segment

Total revenues from the cable segment stood at Rs 298.5 crore for the quarter, which is up 2% YoY from Rs 293 crore in Q1 FY18. The segment reported loss of Rs 8.2 crore during the quarter as compared to profit of Rs 6.6 crore in the same period last year.

Other Highlights

-DEN’s overall consolidated revenues stood flat at Rs 314 crore, as compared to Rs 313 crore in FY Q1 2018.
-Consolidated loss after tax stood at Rs 27.7 crore in Q1 FY19 compared to a loss of 10 crore in the same quarter previous year.
-Consolidated EBITDA deceased to Rs 47 crore in Q1 FY19, from Rs 59 crore in Q1 FY18.
-Telecom Regulatory Authority of India (TRAI) has notified the Tariff order w.e.f 3rd July’2018, expected to be implemented by 30th Dec’18. “Content cost should become a pass through once the order gets implemented,” the company said in its release.

Download: Investor Update| Press Release | Financials

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