Videocon d2h adds 130,000 net subscribers in 2Q 2017

Saturday, July 29th, 2017 
Videocon d2h logo

MUMBAI, India — VDTH (“Videocon d2h” or the “Company”) announced its financial results for the quarter ended June 30 2017.

Commenting on the company outlook, Executive Chairman of Videocon d2h, Mr. Saurabh Dhoot, said “I am pleased to share that the Honorable National Company Law Tribunal has approved the scheme of amalgamation with Dish TV India. We are awaiting the certified copy of the order. The appointed date for the Scheme is October 1, 2017, from which date the businesses of Videocon d2h Limited and Dish TV India Limited will be amalgamated.”

The Company added 0.63 million gross subscribers and 0.13 million net subscribers during Q1 FY18. Net subscribers totaled 13.04 million as of June 30, 2017. Monthly churn came in at 1.27% for the quarter. Subscriber acquisition costs in the form of hardware subsidies were INR 1,865 per subscriber during the first quarter of Fiscal 2018.

Subscriber Base (millions)

                                       FY16                        FY17   FY18
                 --------------------------  --------------------------  -----
                    Q1     Q2     Q3     Q4     Q1     Q2     Q3     Q4     Q1
                 -----  -----  -----  -----  -----  -----  -----  -----  -----
Total            10.64  10.84  11.27  11.86  12.29  12.52  12.77  12.91  13.04
Gross Additions   0.61   0.57   0.67   0.79   0.60   0.59   0.58   0.47   0.63
Net Additions     0.46   0.20   0.43   0.59   0.43   0.23   0.25   0.14   0.13

Links: Videocon d2h