TRAI recos on boardband to benefit co: Aksh Optifibre

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TRAI recos on boardband to benefit co: Aksh Optifibre

In an interview with CNBC-TV18, Chetan Choudhari, Director, Aksh Optifibre, spoke about the latest happenings in his company and sector.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » RELATED NEWS Deutsche Bank sells 10.40 Lk shares of Aksh Optifibre ALSO READ See latest News about Aksh Optifibre See previous management interviews See what other Experts & Brokerages are saying about Aksh Optifibre

In an interview with CNBC-TV18, Chetan Choudhari, Director, Aksh Optifibre , spoke about the latest happenings in his company and sector.

Below is a verbatim transcript of his interview with CNBC-TV18's Latha Venkatesh and Gautam Broker. Also watch the accompanying video.

Q: Has this meant a lot of business or will this mean a lot of business for you?

A: Definitely, I think the TRAI recommendation will bring a lot of business to optical fiber industry. Aksh being one of the key players in optical fiber, we will definitely get a good business out of this recommendation.

Q: You have had some tie up with BSNL lately, in terms of some of the connections, what kind of revenue growth are you witnessing from these kind of tie ups?

A: We have been working with BSNL and MTNL for IPTV and VoIP i.e. international calling. IPTV, we are delivering cable TV channels in 22 cities. The main problem has been the broadband connection to customers and the increase in broadband connection what TRAI recommended is 75 million for 2012, all these broadband connections will also be the customer for IPTV i.e. cable TV on broadband connections. That will add to our revenue also.

Q: What kind of revenue projections can you give us for FY11?

A: The business of broadband has been very slow in last couple of years. So, this is a recommendation, which has come in and which will take some time to implement definitely, it cannot be done overnight. What they could not do in years will be done in next couple or three years they are targeting. So, immediately we cannot predict anything on the revenue increase because of the broadband increase, so it will take some time to come out with figures.

Q: What was the reason for the very sharp decline we saw in Q2, quite dismal numbers, sales are just about Rs 1.5 crore, what led to that very steep decline?

A: If you see we have manufacturing and service division and we separated the two divisions. Manufacturing is separate and service division is separate. What do you see as Rs 1.5 crore is a service division revenue and we are not combining the manufacturing revenue into this.

Q: So, you have separated the manufacturing activities into another subsidiary?

A: Yes, it is a 100% subsidiary now.

Q: You had a lot of conversion of your FCCBs, the last of it got converted recently as last month, what is the equity dilution because of that?

A: You will have to connect with our Chief Finance Officer (CFO) on this subject because I am mainly looking into manufacturing.

Q: Any pending legal cases, there were some banks which were unhappy with the conversion issue, especially Bank of New York Mellon, anything you can update on that whether that has been resolved?

A: I think our CFO will be the right person to answer on this because he is handling the case.