Cable TV
Karnataka MSO Amogh Broadband plans expansion
MUMBAI: Amogh Broadband Services, a multi-system operator (MSO) owned by Karnataka chief minister D Kumaraswamy’s wife Anitha and a group of entrepreneurs, is on a major expansion spree.
The promoters have recently bought out the 26 per cent stake held by Pratap Wadhwa who heads Hinduja-owned Incablenet in Bangalore. Plans are now afoot to launch digital cable TV service in Bangalore by 15 October while expanding analogue business into the other bigger towns of Karnataka.
“Wadhwa has offloaded his stake in Amogh Broadband. We are investing heavily on expanding our cable network,” says Amogh Broadband director M V Prasad Babu.
The set-top boxes (STBs) will be supplied by Bharat Electronics Ltd. (BEL) and is expected to be priced at Rs 2,200 (excluding taxes). The company is also in advanced negotiations with a vendor from Taiwan for the high-end STBs.
The conditional access system (CAS) platform is being provided by Norway’s Conax. The subscriber management system (SMS) solutions will be from Hyderabad-based MagnaQuest. “We will have one digital headend in Bangalore,” says Babu.
Amogh has a control room for analogue cable in Bangalore, Hasan and Mandya. “We offer 103 television channels on our analogue cable and are spread over three districts. We plan to have 150 channels on our digital system,” Babu says.
The MSO has tied up with Railtel to spread its reach throughout the state. “In the first phase, we will expand our network in these three districts. Then we will look at the other regions of Karnataka,” says Babu.
Amogh also plans to launch broadband services for its subscribers. “We had tied up with Spectranet and Dishnet and were offering broadband. But we have stopped this now and are planning to soon have our own broadband service through the ethernet. We will only be targeting retail customers,” says Babu.
The promoters of Amogh are also launching a general entertainment and news channel, Kannada Kasturi, through a separate company, Kasturi Media Pvt Ltd.
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.
