Cable TV
Kolkata MSOs to blackout TV tonight
KOLKATA: Looks like cable TV consumers in Howrah will have to sacrifice on their favourite shows with few multiple system operators (MSOs) deciding to switch off signals if they do not receive duly filled customer application forms (CAFs) till end of the day today. The decision comes in view of the deadline set by the Telecom Regulatory Authority of India (TRAI) for submission of CAFs by 15 November.
Around 40 per cent cable TV viewers in the city are subscribed to SitiCable. The MSO has not requested the regulator for any extension for CAF submission. SitiCable Kolkata director Suresh Sethia says, “We have already collected 90 per cent of CAFS. We expect the rest to be submitted today, if not, we will switch off signals from tonight.”
Resonating the same is Manthan, which has installed 20-25 per cent STBs of the total five lakh STBs installed in the region. “While a few have submitted CAFs, others will send it soon,” informs Manthan director Sudip Ghosh.
The announcement is a shocker for many, as confusion over the city being a part of DAS phase II still remains. It is learnt that MSOs like KCBPL-GTPL among others are running analogue signals in DAS II areas.
Industry insiders blame lack of an organisation for irregularities. “There is no such designated organisation that can regulate the system here,” says a source.
The cause of ineffectiveness could also be because a few local cable operators (LCOs) have assured customers that they do not fall under DAS phase II and thus customers have not invested in the set top boxes (STBs).
Talking about the prevailing confusion over DAS in Howrah, Sethia says, “Though most areas were covered during phase I, TRAI has to define whether the border of Howrah falls under phase II or not? There needs to be a clarification.”
The city faces another issue. If Cable Operators Sangram Committee general secretary Apurba Bhattacharya is to be believed, subscribers who have submitted the duly filled CAFs are yet to see the change on their TV screens. “Even after filling the CAF and opting for preferred bouquet of channels, nothing has changed for viewers in Howrah,” he informs.
Bhattacharya however believes that the MSOs will not switch off signals. “I foresee an extension in the cutoff date,” he says.
Earlier a few LCOs had blamed festivities for slow down of work. “Since festivities are over now, both customers and LCOs should take the initiative and submit their details to MSOs,” opine city-based analysts.
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.
