News Broadcasting
ILJIN, SingTel launch bandwidth services in Korea
CALIFORNIA(US) : ILJIN C2C Ltd. a joint venture between Iljin Corp a subsidiary of the ILJIN group, and C2C Pte Ltd, a subsidiary of Singapore Telecommunications Limited (SingTel) has secured the NSP (Network Service Provider) license from the Korean MIC (Ministry of Information and Communication), enabling the company to own and operate telecommunications infrastructure facilities in Korea.
ILJIN C2C will provide city-to-city connectivity to carriers, ISPs and ASPs in Korea using the C2C cable network, which has been operating since December 2001. It will provide customers connection to key Asian cities and to USA, India and interconnection to other cable networks such as i2i, APCN2, SMW3, China-US and Japan-US cables.
C2C cable network has an initial capacity of 160 gigabits per second and is upgradeable to 7.68 terabits. GNG Networks is the Korean landing party as well as a shareholder of C2C. C2C’s trans-pacific link between Japan and USA is expected to be completed by first quarter 2003, enabling the network to reach Los Angeles and San Francisco directly. Currently, C2C already provides onward connectivity to the US via China-US and Japan-US cables.
C2C offers a wide range of bandwidth services with flexible contract schedules, which includes short-term leases and IRUs (Indefeasible Right of Use). C2C’s bandwidth services are complemented by carrier grade offerings, such as co-location and city-to-city connectivity with round-the-clock network management and maintenance service through C2C’s 24X7 Network Operations Centers located in Singapore and Hong Kong.
News Broadcasting
Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore
PAT improves to Rs 306.6 crore, margins steady amid cost pressures.
MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.
Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.
However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.
Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.
At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.
On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.
Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.
The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.
