SITI Cable adds 0.4 million video subscribers in 2Q 2016

Tuesday, September 6th, 2016 
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Customer acquisition at 4 lakhs with a Total Digital Subscriber Base of 8.3 Mn; Largest presence in the country at ~387 cities

NEW DELHI, India — The Board of Directors of SITI Networks Limited (SITINET) (BSE: 532795, NSE: SITINET) in its meeting held today, has taken on record the Unudited Consolidated Financial Results of the company for the First Quarter ended June 30, 2016.

Operational Highlights – Video

  • SITI Networks is making good progress in signing of Standard Interconnect Agreement (SIA)/Model Interconnect Agreement (MIA) with LCOS; Shifted to Net Billing in Kokata from April 2016 onwards, as per provisions of MIA
  • Rolled out new packages in the cities of Delhi, Mumbai, Bangalore and others. The new packages, namely Basic, Royal & Magnum as well as add-on, regional packs & a-la-carte options will provide customers with a more bespoke entertainment experience
  • Launched a new proprietary Multi Genre channel in MP & Chattisgarh and looking to roll out more local channels subsequently
  • We forayed into the domain of OTT services by collaborating with Zee Digital Convergence Limited and launched OTT platform “Ditto TV” for SITI Networks subscribers. Ditto TV services have been bundled with SITI Broadband packages along with being offered on a standalone basis as well to video subscribers

Operational Metrics

                                         Quarter Ended
                                ----------------------
                                Q1 FY 2017  Q4 FY 2016
                                ----------  ----------
Cable Universe (Mn)                   12.2        12.2
Digital Subscribers (Mn)               8.3         7.9
Digital Subscribers added (Mn)         0.4         1.1
HD Subscribers                      65,140      50,170