Cable TV
Spectranet enters next phase of broadband expansion in south India
MUMBAI: Spectranet has announced its next phase of expansion in south India by launching in Bengaluru.
One of the first 100 per cent optical fibre broadband service provider , Spectranet company offers truly unlimited usage with symmetric speed of 100 mbps which means that the users will get both 100mbps upload and download speeds. The company offers next generation fiber broadband services with a capability of offering 1 Gbps speeds for residential and 10 Gbps for business customers.
Spectranet claims to be India’s only end to end pure optical fiber network enabled Internet service provider, capable of delivering speeds of 1 Gbps and more for both home & business segment. With headquarters in Gurgaon, its fiber network presence is currently spread across eight major cities.
Spectranet’s unique 100mbps unlimited offering will enable consumers to do so much more such as enjoy services like Netflix, use smart TV features, connect more devices. This will be an enabler for the masses as they now will be able to utilize products and services which they were unable to use because of non-availability of good quality broadband.
The company has invested heavily in its customer support team and have very robust mechanisms to service customer requests. By purchasing the initial launch phase offer, customers will be secured of any changes in launch offer plan for the next 24 months which is only available for the 30 days and after that it would be moved to the regular plan.
Spectranet managing director & CEO Udit Mehrotra said “Bengaluru being the IT hub of the country was our natural choice to begin our foray into the southern markets. With tech-savvy residents who have a preference for quality services, we are very excited to unleash the third age of connectivity from here. Fibre being the most advanced technology enables broadband to work years on years without the customers needing to upgrade their cables. This enables us to potentially provide speeds 100 times beyond what the customers are experiencing now and enhance their experience. In US, minimum broadband speed is 25 mbps, we want to bring our customers at par with the global broadband users.”
The company has started off by providing broadband connectivity to the prominent addresses in the city like Bannerghatta, Electronic City, Kundalhalli, Bellandur and will be adding more areas in a phased out fashion.
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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.
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