In an interview to CNBC-TV18, SN Sharma, CEO, Den Networks spoke about the results and his outlook for the company.
In last three quarters the company has been moving progressively. With substantial growth in revenue, company had posted an EBITDA of Rs 84 crore vis-a-vis Rs 50 crore of last year, cable subscriptions are growing. Den Networks has taken a lot of initiatives to service and satisfy subscribers in terms of technology upgradation.
Broadband business has seen strong growth, he said.
“We plan to extend our services to twenty more towns,” he added.
He expects to turn EBIT-positive in the medium-term to long-term. Recently, the company has introduced HD box with Wi-Fi connectivity, he said.
Average revenue per user (ARPU) for broadband is around Rs 700 and he expects marginal hike in cable ARPU by Rs 25, he further mentioned.
For full interview, watch accompanying video...
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