Shares of Netflix jumped nearly 14% in after-hours trading. The company's stock, an investor favorite during its years of rapid growth, had fallen nearly 60% this year before the earnings report.
According to sources, Jio -- setting a new record -- has acquired 1,000 customers per minute (since September 05) and 6 lakh per day.
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.
Niraj Dalal, Founding Partner of 3A Capital Advisors is bullish on Delta Corp, Tata Global Beverages and public sector undertaking (PSU) banks. He expects to see significant traction in Dish TV's subscriber numbers and profit after tax (PAT) in next two-three quarters.
Government has imposed a penalty of Rs 2,313 crore on telecom operators for violating subscriber verification norms till May 31, telecom minister Manoj Sinha informed Parliament today.
Doubling subscriber base and last-mile connectivity model will ensure revenue flows to Ortel Communication's topline, bottomline and EBIDTA, says President and Chief Executive Bibhu Prasad Rath.
A strong growth in ad revenues, and helped by a boost to digitization in the southern states, could lead to Sun TV posting strong numbers in FY17, says the Sun Group's CFO SL Narayanan.
Dish TV's net subscription additions of 0.32 million were the lowest in six quarters whereas DTH/cable competitors saw acceleration in subscriber additions in third quarter. However, the management continues to guide 1.5 million net subcription additions for FY16.
Dish TV India CEO Arun Kapoor says new subscriber additions at 3.17 lakh in the third quarter forms 22 percent of total industry additions
RC Venkateish, CEO, Dish TV is very upbeat of cashing in on demand of movie buffs through their new launch DishFlix.
After logging a 30 percent rise in total income, Bibhu Prasad Rath, president and chief executive officer, Ortel Communication, says the company is targeting a subscriver base of 1 million by the end of two years.
Dish TV is set to announce its results for the third quarter of FY13 on Tuesday. Analysts on an average expect the company to report standalone net loss at Rs 20.6 crore as against net profit at Rs 55 crore in previous quarter.
The country's telecom subscriber base fell by over 13 million to 921.47 million at the end of November 2012 due to "large-scale disconnection by operators". The user base stood at 935.18 million at the end of October 2012.
Reliance Communications lost more than 13% of its mobile customers in July as it cut off inactive subscribers who have not used their phones for two months, although the firm said the move would have no impact on revenue.
Telecom subscriber base fell to 944.81 million in July from 965.52 million a month ago, the first ever decline in the country.
Driven by youth, Internet subscriber base in the country is expected to reach 150 million by the end of this year, says a report.
Private telecom operator Bharti Airtel today paid the last tranche of USD 700 million dollar to Kuwait-based Zain for buying its Africa assets, completing the full and final cash payment of USD 9 billion.
Gujarat ranks number one in the country in terms of requests made for mobile number portability (MNP), with 6.17 lakh subscribers opting for the facility from the state, says a Telecom Regulatory Authority of India (TRAI) report.
Under attack over the 2G scam, Telecom Minister Kapil Sibal today sought to put the blame on BJP saying the NDA regime's revenue-sharing method, instead of a fixed licence fee, caused a revenue loss of about Rs 1.50 lakh crore.