Cable TV
Slow rise in number of MSOs, a month after DAS implementation
NEW DELHI: With registration being given to eight more multi-system operators, the total number of MSOs has risen to 1384 by the end of April 2017.
Following the decision of the government to deem all provisional multi-system operators as having regular licence and giving a provisional licence to the Tamil Nadu Arasu TV Corporation, the total number of MSOs went up to 1376 by the third week of April.
Interestingly, the new list of MSOs now also gives the e-mail and mobile numbers of the MSOs as it has done away with the columns specifying area of coverage or date of registration. Thus, TACTV is the only MSO on the provisional list and all the others are deemed to have a permanent licence for ten years.
Thus, there has been increase of 202 MSOs in the country since the end of February as the Information and Broadcasting Ministry had given registration to 1182 MSOs by the end of February 2017 which included 230 which had valid ten-year licences.
But, faced with just less than one month to go before total switch-off of analogue signals, the Government had on, 6 March 2017, decided to treat all MSOs as permanent but with condition that the period of ten years commences from the date they got registered as provisional MSOs.
However, if the continuation of registration of any MSO is at any time found to be or considered detrimental to the security of the State then the registration so granted is liable to be cancelled/suspended, the order placed on the Ministry website mib.nic.in specified.
All other terms and conditions depicted in the provisional registration letter(s) wlll continue to apply.
Earlier, on 27 January 2017, it had been decided that all registered MSOs are free to operate in any part of the country, irrespective of registration for specified DAS notified areas granted by this Ministry.
However, they have to submit the details of Headend, SMS, subscribers list and a self-certificate that they are carrying all the mandatory TV Channels, within six months from date of issuance of MSO registration, to the Ministry, failing which the MSO registration is liable to cancelled/suspended.
Hence, all deemed regular registered MSOs also are required to submit the details to the Ministry within six months.
The Tamil Nadu-Government-run TACTV was granted provisional licence on 18 April 2017 to operate as a MSO in the state on condition that it switches off analogue signals in the entire state within three months.
The Ministry had told indiantelevision.com that it had been made clear that the provisional licence was subject to the Centre taking a final decision on the recommendation of the Telecom Regulatory Authority of India that no government owned body should be permitted in the field of running or distributing television channels. TRAI had in 2008, 2012 and 2014 held that state governments and political parties should not be permitted to own TV channels or distribution channels.
In Tamil Nadu where there is a court stay in operation since Phase I, TACTV had warned MSOs and LCOs against switching off analogue signals anywhere in the state after 31 March 2017.
The sources said that Arasu had been granted provisional licence in 2006 at the time of the Conditional Access System on certain conditions based on the TRAI report but this had not been renewed when Digital Addressable System came into force.
Also read :
Including Arasu, total number of MSOs goes up to 1376, to ensure DAS implementation
Cable TV
Den Networks Q3 profit steady despite revenue pressure
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.








