Dish TV Earnings Release for the Quarter Ended December 31, 2007

Friday, January 25th, 2008

  • Average subscriber additions of 99,000 per month
  • Market leader with 64% share of Pay DTH market
  • 297,000 new subscribers added during 3Q, up from 278,000 additions in 2Q, an increase of 7%
  • Gross subscriber base stands at 2.7 million as on December 31, 2007
  • Gross operating revenue increases by 48% and subscription revenue increased by 26%
  • Strategic distribution tie-up with Future Group, will boost sales
  • Expansion of front end service network to 90 towns
  • More content – With 180 channels, Dish TV has the widest offering by any DTH service provider
  • Distribution strengthened – Now present in over 4,400 towns through 38,000 dealers and over 575 Distributors

Noida, India — Dish TV India Limited (Dish TV), the pioneer and leader in Indian DTH space, today reported third quarter gross revenues of Rs. 1,121 million, representing a 48% growth over the second quarter revenues this fiscal. The Board of Directors in its meeting held today, has taken on record the unaudited financial results of Dish TV for the quarter ended December 31, 2007.

Elaborating on the performance during the quarter, Mr. Kapoor continued “Today, we have subscribers in over 4,400 towns, which are covered through 575 Distributors and over 38,000 retail outlets. Moreover, our alliance with a leading consumer durable brand has strengthened our presence at many exclusive brand stores, thus enabling Dish TV to reach the premium consumers. December also saw the entry of another DTH player, Sun Direct, in the four southern states. However, we continue to show robust growth in this territory, due to a combination of our superior regional languages offering and some aggressive marketing initiatives.”

DishTV is the country’s first DTH service provider and continues to be prime mover in this segment. DTH industry is expected to grow more than 50% in the next 3 years and Dish TV would strive to take a large share of the business. The company would continue to focus on increase in ARPU, value added services, commercial sales (e.g. hotels, restaurants, pubs, clubs, malls etc), brand building and penetration, service capability ramp up resulting in value creation for the stakeholders.

Dish TV uses the platform of NSS-6 satellite which is unique in the Indian subcontinent owing to its automated power control and contoured beam which makes it suitable for use in ITU K and N rain zones ideally suited for India’s tropical climate.

More: Earnings Release; Un-audited Financial Results