Videocon d2h adds 160,000 net subscribers in 4Q 2017

MUMBAI, India — Videocon d2h Limited (NASDAQ: VDTH) (“Videocon d2h” or the “Company”) announced its financial results for the quarter ended December 31, 2017.

The Company added 0.56 million gross subscribers and 0.16 million net subscribers during Q3 FY18. Net subscribers totaled 13.41 million as of December 31, 2017. Monthly churn came in at 1.00% for the quarter. ARPU came in at INR 208.

Subscriber Base (millions)

                                       FY16                        FY17                 FY18
                 --------------------------  --------------------------  -------------------
                    Q1     Q2     Q3     Q4     Q1     Q2     Q3     Q4     Q1     Q2     Q3
                 -----  -----  -----  -----  -----  -----  -----  -----  -----  -----  -----
Total            10.64  10.84  11.27  11.86  12.29  12.52  12.77  12.91  13.04  13.25  13.41
Gross Additions   0.61   0.57   0.67   0.79   0.60   0.59   0.58   0.47   0.63   0.45   0.56
Net Additions     0.46   0.20   0.43   0.59   0.43   0.23   0.25   0.14   0.13   0.21   0.16

Commenting on the results, Executive Chairman of Videocon d2h, Mr. Saurabh Dhoot said, “During the quarter, the Company received all the necessary approvals relating to its amalgamation with and into Dish TV India Limited. The two companies now intend to file the relevant intimations / E-Forms with the Registrar of Companies, Ministry of Corporate Affairs, Maharashtra, Mumbai in the last week of February 2018, which filing date will become the effective date for the proposed merger. The Company will issue the relevant timelines and other mandatory notices in relation to the merger in due course.”