DEN Networks adds 270k digital subscribers in 3Q 2016

270k Boxes seeded during the quarter, making digital subscriber base at 10.1 million

NEW DELHI — DEN Networks Ltd, one of the largest cable MSO in India, today announced its financial results for 2nd quarter and half year ended 30 September 2016.

Mr. SN Sharma, CEO of DEN Networks, said that Den is planning to launch its OTT application very shortly which is currently under test within the closed user group. The results and feedback so far has been very encouraging and this is a pioneer initiative in the MSO industry.

Talking about the industry developments Mr. Sharma further said “Most of the High Court cases with respect to the Phase 3 digitization are behind us now. There is a draft tariff order from TRAI with respect to the Broadcasters and MSOs. This goes very well for the industry and sets a positive future tone for the MSOs.”

Subscribers (Millions)

                     FY 2015                     FY 2016       FY 2017
                ------------  --------------------------  ------------
                   3Q     4Q     1Q     2Q     3Q     4Q     1Q     2Q
                -----  -----  -----  -----  -----  -----  -----  -----
Digital           6.8    7.0    7.2    7.6    8.5    9.5    9.8   10.1