Cable TV
Asiasat contracts Space Systems/Loral to build Asiasat 5
MUMBAI: Satellite operator Asiasat has signed a construction agreement with Space Systems/Loral (SS/L) to design and build Asiasat 5, a replacement satellite for Asiasat 2.
Asiasat 5 will launch in the second quarter of 2008. It will be built on a SS/L’s 1300 series satellite platform and will carry 26 C-band and 14 Ku-band transponders with an estimated operational life of 15 years.
Asiasat 5’s C-band footprint will offer a more powerful pan-Asian coverage than that of AsiaSat 2. Its Ku-band coverage will consist of three high power beams, two of which will cover East Asia and South Asia and an in-orbit steerable beam that can be positioned to provide service anywhere within Asiasat 5’s geographic coverage.
Asiasat 5 is designed to replace Asiasat 2 at the orbital location of 100.5 degrees East in advance of Asiasat 2’s scheduled retirement of 2010. Launching Asiasat 5 satellite two years earlier than required allows sufficient time to construct and launch a replacement satellite if necessary.
Asiasat CEO Peter Jackson says, “The SS/L 1300 series satellite is a space-proven platform and it offers the performance, reliability and cost effectiveness our customers require for AsiaSat 5. This satellite will allow Asiasat to expand our capacity and provide Asiasat with the capability of serving more diverse satellite services from this popular orbital slot of 100.5 degrees East.
“Planning this project well ahead of Asiasat 2’s retirement confirms our commitment to ensure continuity of service to our customers in the years ahead.”
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.
