Cable TV
Registered MSOs for DAS areas touch 275 mark; cancellations total 29
NEW DELHI: With less than six months for the completion of Phase III of Digital Addressable System (DAS) for cable television, the number of multi system operators (MSOs) who have been given permanent registration for a period of ten years is now 215.
In addition, a total of 60 MSOs have been given provisional registration, while 29 MSOs have had their licences cancelled or their files have been closed.
The number of MSOs getting permanent licences has gone up sizably since the list issued on 22 June put this figure at 191.
While a majority of MSOs including Kal Cables have had their licences cancelled following the Home Ministry denying security clearance, some have been cancelled for non-operation. These include only four, which were cancelled in 2015.
MSOs given permanent registration pan India after 22 June include Goldy Diginet of Rajasthan, Engineer’s Resource Associates India of Madhya Pradesh, Multireach Media of Kolkata, SHR Digital Networks of Delhi and Siti Cable Network Limited of Noida.
The others are as follows: E-Cable Vision of Chhatisgarh to cover the Districts of Dhamtari, Charama, Kanker, Keskal, Konda Goan, Jagdalpur, Gidam, Dantewada, Kirndul, Nagarnar, Balod, Dalli Rajraha, Bhanupartapur, Mahasamund, Kurud and Nagri under Phase-lll & lV; Manair Digital Entertainment Networks for Telengana; Narmada Cable Network for Kareli and Narsinghpur Tehsils in Madhya Pradesh, Linkmen Services for West Bengal; Desh Entertainment for West Bengal Under Phase III & IV; Sai Digital Services for Andhra Pradesh and Telangana under Phase lll and lV; INSAT Cable Network for Sitara, Pune, Sangli, Solapur and Raigard/Sindu Durg Districts in Maharashtra; Mahapatra Dooradarshan Cable Network System for Ganjam District of Odisha; Raj Cable Network for Anuppur, Shahdol and Umaria District in Madhya Pradesh and Koria, Surajpur and Ambikapur District in Chhattisgarh, Baba Nanak Optical & Fiber in Punjab; Aurangabad Satellite Cable Service Centre for West Bengal areas; SM Cable for Pachpadra in Barmer District of Rajasthan; Diamond Cable Network for Bhandara, Gondia & Nagpur Districts of Maharashtra under Phase-lll & lV; Zaka Cable TV Network for Uttar Pradesh and Uttarakhand; One Digital TV Services in Nalgonda, Khamam, Warangal, Ranga Reddy & Mahaboob Nagar Districts under Phase lll & lV in Telangana; Bhagyalakshmi Communication Network in Rompicherla, Chinnagottigallu, Bakarapet, Sodam, Somala, Chowdepalle’ Kallur, Damal Gheruvu and Kalikiri in Ghittoor District of Andhra Pradesh; and Bhimavaram Community Network in West Godavari district of Andhra Pradesh.
While there is no new addition to the northeast, one licence has been issued for Kashmir to J K Cable Network for Sopore, Baramula, Zainageer, Rafiabad, Bandipora, Handwara, Kupwara, Uri, Pattan, Tangmarg, Gulmdrg, Sumbal, Hajin, Narbal and parts of Srinagar.
While Kal Cables continues to be blacklisted by the Home Ministry, licences issued for Tamil Nadu are: Lucky Cable Vision which will cover area in all cities, towns, Town Panchayats, Village Panchayats of Pollachi (Taluka) Udhumalpet (Taluka), Palani (Taluka), Valparai (Taluka), Kinathu, Kadavu (Taluka) Phase III & Phase IV; and King Digital Network for Salem.
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.
