Cable TV
Den Network‘s broadband subscribers quadrupled in FY-16
BENGALURU: Den Networks Ltd (Den) reported 413 percent growth in broadband customers in the fiscal ended 31 March 2016 (FY-16, current year) as compared to FY-15. The company reported 95,000 in the current year as compared to 23,000 in the previous year. For the quarter ended 31 March 2015 (Q4-16, current quarter) Den add 19,000 broadband (20 percent quarter-over-quarter or q-o-q growth), it had 76,000 subscribers in Q3-16. Its Broadband segment operating revenue increased to fivefold in FY-16 as compared to FY-15. Broadband segment’s revenue in FY-16 was Rs 40.62 crore as compared to Rs 8.08 crore in the previous year. Broadband average revenue per user (ARPU) in Q4-16 was Rs 780, Rs 20 more than the ARPU of Rs 760 in the immediate trailing quarter and Rs 21 more than the ARPU of Rs 759 in the corresponding year ago quarter.
Note: The unit of currency in this report is the Indian rupee – Rs (also conventionally represented by INR). The Indian numbering system or the Vedic numbering system has been used to denote money values. The basic conversion to the international norm would be:
(a) 100,00,000 = 100 lakh = 10,000,000 = 10 million = 1 crore.
(b) 10,000 lakh = 100 crore = 1 arab = 1 billion.
Den’s broadband segment’s operating loss in the current year increased to Rs 78.26 crore as compared to an operating loss of Rs 47.06 crore in the previous year.
Post Activation Broadband revenue in Q4-16 also more than quadrupled (450 percent) year-over-year (y-o-y) at Rs 15.23 crore as compared to Rs 3.43 crore and increased 27.3 percent q-o-q from Rs 11.96 crore.
Broadband segment’s operating loss in the current quarter was higher y-o-y as Rs 16.12 crore as compared to Rs 15.46 crore, but lower q-o-q as compared to Rs 19.57 crore
For other financials from Den, please click here: http://www.indiantelevision.com/cable-tv/multi-system-operators/den-networks-cable-business-reports-op-profit-broadband-op-revenue-up-fivefold-160530
Cable TV
Hathway Cable appoints Gurjeev Singh Kapoor as CEO
Leadership change comes as cable TV faces shrinking subscriber base and modest earnings pressure
MUMBAI: Hathway Cable and Datacom has tapped industry veteran Gurjeev Singh Kapoor as chief executive officer, marking a leadership pivot at a time when India’s cable television business is under mounting strain.
Kapoor will take over from Tavinderjit Singh Panesar, who is set to retire in August after a long innings with the company. Panesar, chief executive since 2023, has held multiple leadership roles at Hathway, including his latest stint beginning in 2022.
Kapoor brings more than three decades of experience in media and entertainment. He most recently led distribution at The Walt Disney Company’s Star India business, now part of JioStar. His career spans television distribution and affiliate partnerships, with stints at Sony Pictures Networks India, Discovery Communications and Zee Entertainment.
Panesar, with over three decades in the industry, has worked across strategic planning, distribution and business development in media, broadcasting and manufacturing. His past associations include ESPN Star Sports, Star India, Apollo Tyres and JK Industries.
The transition lands as the cable sector grapples with structural disruption. Traditional operators are losing ground to streaming platforms, while telecom and broadband players tighten the squeeze with bundled offerings.
An EY report estimates India’s pay-TV base could shrink by a further 30 to 40 million households by 2030, taking the total down to 71 to 81 million. The slide follows a loss of nearly 40 million homes between 2018 and 2024, a contraction that has already wiped out more than 37,000 jobs in the local cable operator ecosystem.
Hathway’s numbers reflect the strain. The company reported a consolidated net profit of Rs 93 crore for FY25, down from Rs 99 crore a year earlier. Revenue inched up to Rs 2,040 crore from Rs 1,981 crore. As of December 2025, it had about 4.7 million cable TV subscribers and roughly 1.02 million broadband users.
Kapoor steps in with a familiar brief but a shrinking playbook. In a market where viewers are cutting cords faster than companies can reinvent them, the new chief executive inherits a business fighting to stay plugged in.
