News Broadcasting
Intelsat looks to buy broadband satellite system
Intelsat has issued a Request for Proposal (RFP) for the purchase of a next-generation broadband satellite system as a key component of the organisation’s initiative to address growing IP market demands worldwide, Ramu Potarazu, chief technology officer, announced on Monday, according to a company news release.
The RFP includes one geostationary Ku/Ka-band satellite operating in a bent pipe configuration, with options for up to four more spacecraft. The system is expected to support last-mile access for small and affordable user terminals as well as customers who target small and medium enterprises and small office-home office users. The organisation’s goal is for the contract to be awarded by the fall, with deployment expected to occur in 2004.
Along with the RFP, Intelsat is looking at other opportunities to address broadband business issues. Included are current and upcoming services on its existing satellite fleet, as well as a continuing investigation of new system alternatives, Potarazu says.
“Responses to the RFP will help us to further solidify our strategy for acquiring next-generation broadband infrastructure, so this is an important step in Intelsat’s plan to build on our communications industry experience to meet evolving market needs,” says Potarazu. “The combination of the next-generation equipment and the new services being developed on our existing fleet is expected to ensure the company’s long-term ability to not only meet those needs, but also do it in ways that will give users a leg up on the competition.”
Intelsat already has 10 satellites on order, representing a total investment of more than $3.2 billion for launches planned from this year through 2003.
Intelsat presently offers Internet, broadcast, telephony and corporate network solutions around the globe through a fleet of 19 satellites.
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.
