Cable TV
Kolkata LMOs CVNO project likely to rollout from 15 December
KOLKATA: The year seems to be ending on a good note for the Kolkata based last mile owners (LMOs), who post digitisation, have been wondering if they would still have ownership of their customers. The LMOs can now breathe a sigh of relief as the cable virtual network operator (CVNO) is taking shape and should be up and running by 15 December 2014.
As reported earlier by Indiantelevision.com, the LMOs apart from uniting to set up their own control room and headend have also tied-up with existing DAS license holders. This apart, in order to speed up the launch, the LMOs are now also talking to the Set Top Box (STB) and headend suppliers and other vendors in India and abroad.
The LMOs have already signed an agreement with a DAS license holder, who will levy a minimum price against every STB. If sources are to be believed, more than 150 LMOs have signed and given consent with an entry fee.
Not revealing much on the operation model Cable Operators Sangram Committee general secretary Apurba Bhattacharya says, “It would be affordable to subscribers.”
Tying up with existing license holders ensures LMOs the power of billing subscribers, distribution of package according to the choice of viewers, share of carriage fee and ownership of STBs, further explains Bhattacharya.
There are some DAS license holders who might go ahead and increase their topline and bottomline by strengthening their presence in the market.
When asked if the LMOs are setting up the headends, other LMOs, who are part of this initiative inform, “The concept is very clear, to either set up our own headend or to partner with MSOs. The investment for every LMO will be according to how much they can afford. In fact some financiers are also ready to invest.”
He further explains that the investment would be based on the size of the LMO’s network and requirement of STBs.
LMOs are the founder of this business. “It can be assured that the quality as well as performance will be competitive with the existing MSOs,” he points out.
MUMBAI: When margins wobble, liquidity talks and in Q3 FY25-26, cash did most of the talking. Den Networks Limited closed the December quarter with consolidated revenue of Rs.251 crore, marginally higher than the previous quarter but down 4 per cent year-on-year, even as profitability stayed resilient on the back of strong cash reserves and disciplined cost control.
Subscription income softened to Rs.98 crore, slipping 3 per cent sequentially and 14 per cent from last year, while placement and marketing income offered some cheer, rising 15 per cent quarter-on-quarter to Rs.148 crore. Total costs climbed faster than revenue, up 7 per cent QoQ to Rs.238 crore, driven largely by higher content costs and operating expenses. As a result, EBITDA dropped sharply to Rs.13 crore from Rs.19 crore in Q2 and Rs.28 crore a year ago, pulling margins down to 5 per cent.
Yet, the bottom line refused to blink. Profit after tax stood at Rs.40 crore, up 15 per cent sequentially and only marginally lower than last year’s Rs.42 crore. A healthy Rs.57 crore in other income helped cushion operating pressure, keeping profit before tax at Rs.48 crore, broadly stable quarter-on-quarter despite the tougher cost environment.
The real headline-grabber, however, sits on the balance sheet. The company remains debt-free, with cash and cash equivalents swelling to Rs.3,279 crore as of December 31, 2025. Net worth rose to Rs.3,748 crore, while online collections accounted for 97 per cent of total receipts, underscoring strong cash discipline across operations, including subsidiaries.
In short, while Q3 showed signs of operating strain, the financial backbone remains solid. With zero gross debt, steady profits and a formidable cash war chest, the company enters the next quarter with flexibility firmly on its side proving that in uncertain markets, balance sheet strength can be the best growth strategy.
