News Broadcasting
MTNL in IPTV deals with Aksh Optifibre, IOL Broadband
MUMBAI: Mahanagar Telecom Nigam Ltd (MTNL) has signed content delivery network affiliation contracts with Aksh Optifibre Ltd and IOL Broadband Ltd, which would allow the state-owned telecom major to offer IPTV services to its subscribers.
With this, MTNL has selected three franchisees for developing the content delivery platform. Time Broadband Services Pvt Ltd, India (TBSPL) was the first to have won the contract for both Delhi and Mumbai and has a seven-year non exclusive deal with MTNL.
While MTNL has ensured a bank guarantee of Rs 5 million from Aksh Optifibre, IOL Broadband has guaranteed Rs 2.5 million. Aksh Optifibre has expressed intent to operate in Delhi and Mumbai while IOL’s interest is restricted to Mumbai at this stage.
IOL Broadband plans to use US-based SeaChange for the IP video servers, storage and middleware, says a senior company executive. The digital set-top boxes (STBs) will be provided by UK-based Amino while the digital rights management solution will be from US-based Widevine.
“We plan to invest $25 million in the early phase of the project. We have also an eye on extending to Delhi,” says the executive.
Aksh Optifibre plans to use UTStarcom technology for its content delivery network, an MTNL official says. Bharti, which is conducting test runs in Gurgaon on the outskirts of Delhi with multiple vendors, had also used UTStarcom technology, including the headend and the digital STBs.
“The idea of having multiple franchisees is to provide content flexibility to our subscribers,” says the MTNL official.
Time Broadband, meanwhile, has tested 560 STBs and is ready for commercial launch. Says TBSPL managing director Sujata Dev, “We have already deployed 150 STBs in the subscriber homes. We are increasing the number of channels from 30 to 100 on the test run by the end of this month. Star and Zee have agreed to offer the pay channels for this as our content protection system in place.”
Time Broadband, which has US-based Kasenna as its middleware vendor, while Verimatrix Inc is providing content protection solutions, has so far invested $3 million in the project.
MTNL is employing ADSL 2+ technology for running its IPTV services. For the video part, the telecom giant will be using MPEG-4 compression technology.
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.
