Cable TV
Cable operators who worked with Arasu, Sumangali ‘blocking’ new digital players, plaint lodged
MUMBAI: A district collector in Tamil Nadu has reportedly received a complaint against a cable operators’ group that had worked with Arasu Cable for not allowing new digital operators to enter the market.
The plaint has been lodged against the group of about 20 operators which had earlier worked with (then) analogue cable operators such as Arasu Cable and Sumangali Cable Vision (SCV), the Times of India reported.
The Tamil Nadu Arasu Cable TV Corporation (TACTV)’s digital operations (DAS) were launched on 1 September with the inauguration of upgraded MPEG 4 control room. The Centre had in April this year given a provisional MSO licence to Arasu on the condition that it adopts DAS within three months. TACTV had sought extension, but the Centre had only agreed to one month — till 17 August.
Around a fortnight ago, a Tamil Nadu federation of unions had alleged that the Arasu MSO had been following ‘monopolistic practices’. TACTV had set the subscription fee as Rs 70, which was below the fee recommended by TRAO. Of this, cable operators were expected to pay 50 per cent to Arasu, the federation alleged.
Now, on Monday, the petition submitted before the Coimbatore district collector TN Hariharan by a local digital cable television operator said the group of 20 has taken over around 85,000 connections in the district and put pressure on BSNL not to allot fibre-optic cables to new digital players.
Cable Television Network (CTN), a Coonoor-based digital cable television operator, which claims to have around 500 connections, alleged that the ‘cable mafia’ had misled the BSNL by lodging false complaints against the new entrants.
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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.
