News Broadcasting
Time Broadband to manufacture Amino IPTV boxes in India, plans to raise $70 million
MUMBAI: Time Broadband Services Pvt. Ltd. (TBSPL) plans to raise $70 million for manufacture of IPTV set-top boxes (STBs) and expansion of its content delivery network (CDN).
The company has exclusively tied up with UK-based Amino Communications Ltd. to manufacture AmiNET125 H.264 AVC (MPEG-4, Part 10) compliant STBs in India. TBSPL will have the rights to sell these STBs in India, Middle East and parts of East Africa. The benefit of manufacturing these STBs in India will be to bring the cost below $100.
“This is a significant development for us as India is a potentially big market for IPTV. We have manufacturing arrangements also in China and Taiwan,” says Amino Communications Ltd. vice president/general manager Roy Kirsopp.
TBSPL, which has already raised $10 million and got a further $5 million from Dimensions Group, will raise a further $35 million in its second round of funding. This will be towards expanding the CDN for IPTV.
“We are in talks for second round of investment and have got term sheets. We hope to tie up the funds by February-March,” says TBSPL managing director and CEO Sujata Dev.
Another $35 million will be raised through sister company Broadband Tech Pvt. Ltd. for manufacture of STBs. The company is in talks with three consumer electronics companies for this. “We are negotiating with three state governments for getting subsidy. We are in talks with consumer electronics companies for the financing and manufacture of the STBs,” says Dev. The company is looking at Kolkata, Chennai or another city to set up the manufacturing facility.
Amino has been paid an upfront amount of $1 million. “We have guaranteed Amino $10-12 million over 18 months. Dimensions Broadband UK has committed a $7 million exposure for this,” says Dev. The contract involves a fixed license fee and a royalty to Amino on the STBs sold.
The AmiNET125 STB is designed on the DaVinci SoC chip from Texas Instruments and is integrated with Kasenna middleware and Verimatrix content protection.
“The deal will enable TBSPL to execute mass deployments of our “MY TIME” IPTV package. STBs play the most critical role in the IPTV business.
This relationship with a leading industry partner like Amino would further strengthen TBSPL in establishing the business matrix in the Indian market, capable of providing a total end-to-end CDN solution to telecom operator partners intending to launch IPTV,” says Dev.
Adds Kirsopp: “We see opportunity in India, China and South America. This deal validates our licensing model where we tie up with local partners for local manufacturing.”
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.
