Dish TV India adds 204,000 subscribers in 4Q 2016

Monday, January 30th, 2017
Dish TV India logo

204 thousand net subscriber additions during the quarter. Closing net subscriber base of 15.3 million

NOIDA, India — Dish TV India Limited (Dishtv) (BSE: 532839, NSE: DISHTV) today reported third quarter fiscal 2017 consolidated subscription revenues of Rs. 6,921 million, up 3.3% Y-o-Y and operating revenues of Rs. 7,480 million, up 2.4% Y-o-Y.

India’s Ministry of Information and Broadcasting (MIB) announced on 22 December, 2016, that it was pushing forward the mandatory digitization Phase 3 date to 31 January 2017 and Phase 4 date to 31 March 2017. Dish TV on its part continued to seed set-top-boxes in both Phase 3 and 4 markets, the largest of the four digitization phases, steadily during the quarter.

Work continued on the Dish TV-Videocon d2h proposed merger as well with necessary applications being filed during the quarter with the Competition Commission of India (CCI) and the Stock Exchanges for obtaining their approval.