Siti Cable's debt is on a downward trend after promoters put in additional funds says Chief Executive Officer VD Wadhwa. Currently, debt stands at around Rs 1100 crore.
VD Wadhwa, CEO and Executive Director, Siti Cable says: "As and when the business becomes fully digitized, the company‘s average revenue per user ( ARPU) will grow at least 5 times".
The company will be using funds towards expanding digitisation of phase 3.
Siti CableSiti Cable has embarked on huge investment regarding digitisation of cable business. It has already converted 40 percent of its business into digital from the analog mode.
VD Wadhwa of Siti Cable Network believes that the company shall reduce the debt to sustainable levels this year once their subscription revenues start coming in and the tranches from the rights issue come in.
This step would disappoint broadcasters, but it would aid multisystem operators to gear up and put things in place, A Mohan, President-Legal at Essel Group told CNBC-TV18. "Taking the ground realities into account the extension is fine."
Sudhir Agarwal, chief executive officer of the company tells CNBC-TV18 that he is not worried about the weak cash flows that his balancesheet for Q2 reflects, since the company has been gaining from strength-to-strength over the past couple of quarters. In fact, he expects his company to turnover in the next two-three quarters.
In a major cheer for the cable and satellite television industry, the cabinet cleared an ordinance to amend and bring digitization into TV broadcast. Calling this revolutionizing move, Avnindra Mohan, President (Legal & Regulatory Affairs), Essel Group, says the entire revenue structure and the business model is likely to get a boost.
Sudhir Agarwal, chief executive officer of Wire & Wireless India, in an exclusive interview with CNBC-TV18's Sonia Shenoy and Mitali Mukherjee, said: "The company has reduced expenses by 17% in FY11 and sees interest costs shrinking going forward.
Speaking to CNBC-TV18, Sudhir Agarwal, CEO of WWIL, said that the company’s FY12 sales are likely to grow by 30%. Its revenues are seen above Rs 400 crore, while EBITDA is at Rs 90 crore.
Sudhir Agarwal CEO of Wire and Wireless India Ltd (WWIL) in an exclusive interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee says that the recommendations made by TRAI are likely to bring growth in broadband penetration and hence, “the change in the policy will help grow the sector.”
Sudhir Agarwal, CEO of WWIL, in an interview with CNBC-TV18’s Udayan Mukherjee and Mitali Mukherjee, spoke about the results and his outlook for the company.