GECs
BT invests $48 million on IP-related initiatives
BANGALORE: Telecom major British Telecom (BT) has announced further investment in Asia Pacific of approximately $48 million. The investment focuses on key IP platforms and the transfer of services on to an integrated platform for voice, video and data. The enhancements are already underway, with expected completion this year.
BT in Asia Pacific president Allen Ma said: “In 2003, we began rebuilding BT’s network in Asia Pacific. The strategy moving ahead is in tune with BT’s 21st century network (21CN) implementation and timetable, and will allow us to integrate domestic and international voice capacity across nine countries in this region.”
The investment is being driven by BT customers in Asia Pacific. The upgrade results in providing a single interface to customers, with high quality voice capabilities over the dedicated IP infrastructure, states an official release.
Ma added: “In this way, BT is converging the user environment to support diverging user groups. This convergence both improves our cost model and enhances our domestic capabilities.”
Additionally, BT is increasing its direct coverage to 13 countries and 30 cities with its own infrastructure across Asia Pacific, with reach also increased to over 50 cities. BT delivers services to multinational organisations in 115 countries across the globe. The core subsea backbone operated by BT which supports its harmonised portfolio is also being upgraded from 300 Mb/s to 1.5 Gb/s following the growth of over 400 per cent in traffic to and from Europe and the US and within Asia Pacific in the past two years. Network paths added include from Hong Kong to Europe, from Singapore to the US, and between London and Singapore, the release adds.
“Taking this strategy strengthens BT in the market for the delivery of global networked IT services. It also positions BT in Asia Pacific as a leading global player and as a regional competitor within the industry in both data and voice. Both are core areas in which our customers are asking us to perform,” Ma added.
The implementation of a new voice platform which will support the convergence for the wholesale, corporate and video segments will begin in June 2005. The installation of the new voice platform for an integrated international and domestic offering is progressing on schedule for Bangalore, Delhi, Hong Kong, Kuala Lumpur, Manila, Mumbai, Seoul, Singapore, Sydney, Taipei and Tokyo.
New MPLS node locations to be added in 2005 include: Auckland, Bangkok, Jakarta, Manila, Melbourne and Osaka. Additional nodes are being added to Hong Kong, Singapore and Taipei.
GECs
Sahara One reports financial results, notes director exit and business realignment
Muted revenues, steady expenses and strategic adjustments shape company’s current phase
MUMBAI: In a tale where the sands seem to be slipping faster than they can be gathered, Sahara One Media and Entertainment Limited has reported another quarter of wafer-thin income and widening losses, even as a boardroom exit adds to the unease.
The company informed the Bombay Stock Exchange that its board, in a meeting held on April 4, approved its unaudited financial results for the quarter ended September 30, 2025. The numbers paint a stark picture. Total income for the quarter stood at just Rs 0.13 lakh, unchanged sequentially and sharply down from Rs 0.26 lakh a year earlier.
Losses, meanwhile, deepened. The company posted a net loss of Rs 24.16 lakh for the quarter, compared to Rs 18.81 lakh in the June quarter and Rs 39.69 lakh in the same period last year. For the six months ended September 2025, the cumulative loss stood at Rs 39.69 lakh, while the full-year loss for FY25 was reported at Rs 60.72 lakh.
Expenses continued to outweigh income by a wide margin. Total expenses for the quarter came in at Rs 24.30 lakh, led by employee benefit costs of Rs 6.51 lakh and other expenses of Rs 17.78 lakh. Earnings per share remained in the red at Rs (0.11) for the quarter.
The balance sheet reflects a company with significant assets on paper but limited operational momentum. Total assets stood at Rs 23,065.57 lakh as of September 30, 2025, broadly unchanged from March 2025. Equity share capital remained steady at Rs 2,152.50 lakh, while total equity was reported at Rs 18,004.85 lakh.
Cash and cash equivalents saw a modest uptick to Rs 6.75 lakh from Rs 4.68 lakh earlier, supported by a positive operating cash flow of Rs 180.01 lakh for the period.
Yet, beneath these numbers lies a more complex narrative. The company’s auditors flagged their inability to obtain sufficient evidence to form a conclusion on the financial statements, citing lack of access to records. They also raised concerns over the company’s ability to continue as a going concern, pointing to insufficient funds, delayed recoveries, and stalled content investments.
Adding to the governance overhang, the company disclosed that Rana Zia has resigned as whole-time director, effective October 16, 2025, citing other professional commitments. The resignation, noted and accepted by the board, also brings an end to her role across company committees.
Regulatory pressures continue to loom large. The Securities and Exchange Board of India has already initiated penal actions for non-compliance with listing norms, with trading in the company’s shares remaining suspended. There is also a risk of promoter demat accounts being frozen.
Legacy legal issues remain unresolved. A substantial deposit of Rs 694,027.88 thousand linked to the long-running OFCD dispute involving Sahara group entities is still under the purview of the Supreme Court of India. Restrictions on asset disposal continue to weigh on the company’s financial flexibility.
Operationally, challenges persist across multiple fronts. Advances worth Rs 1,92,916 thousand given for film content remain stuck, with delays in project completion and uncertain recoverability. The company’s YouTube channel, despite being operational, has generated no revenue for over three years due to compliance lapses. In a further twist, management has indicated that revenues may have been fraudulently diverted through unauthorised changes to its AdSense account, with a police complaint in the works.
There are also missed revenue opportunities. Television content rights continue to be used by a related party despite the expiry of the licence agreement, with fresh negotiations still underway.
For now, Sahara One Media and Entertainment Limited appears caught between legacy disputes and present-day operational hurdles. As losses linger and governance questions mount, the road to recovery looks less like a sprint and more like a slow trudge through shifting sands.
