In an interview to CNBC-TV18, SN Sharma, CEO, Den Networks explains benefits of direct billing by MSOs.
Cable distribution company DEN Networks intends to use the recently raised funds for consolidating the digitisation process and for broadband rollout, MG Azar told CNBC-TV18.
The biggest challenge, consensus on TRAI’s agenda has been agreed upon. However there is apprehension on the issue of implementation and it is this that can have huge ramifications on the sector and importantly the viewer.
Speaking to CNBC-TV18 MG Azhar, COO of Den Networks said, the company has clocked closer to Rs 30 crore in EBITDA (QoQ). "We expect to maintain similar kind of work for the rest of the year," he added.
The cabinet has approved ordinance for cable network digitisation. In an interview to CNBC-TV18, MG Azar, president strategy and business development of Den Networks said, it is a game changer for the entire TV distribution market in India.
The Network 18 Group posted a 21% rise in consolidated revenues for the financial year 2010-11 to Rs 1,484 crore. For the fourth quarter (January to March) the company’s revenues grew 15% to Rs 406 crore over the corresponding quarter last year.
CNBC-TV18’s Mitali Mukherjee spoke to Sameer Manchanda, CMD of Den Network on what does he expects of the Zee Turner and Star Den Media Services alliance.