DTH
Dish files reply with FCC on proposed Time Warner Cable, Merger, says not in public interest
MUMBAI: Dish Network Corporation has filed a reply with the Federal Communications Commission (FCC) countering arguments made by Charter Communications, Inc. (Charter), Time Warner Cable, Inc. (TWC) and Bright House Net works (BHN) defending t he proposed merger between t he companies. In t he reply, DISH out lines how t he applicant s have f ailed t o prove t hat t his proposed merger is in t he public interest and reiterates its call for t he FCC t o deny the merger.
“If the proposed merger is approved, 90 percent of the nation’s high speed broadband homes would be cont rolled by two companies, and t he combined ‘New Charter’ would have every incentive t o sabot age OTT services like Sling TV that compete with the old school cable bundle,” said Jeffrey Blum, Dish senior vice president and deputy general counsel. “The proposed merger is harmful for consumers, competition and innovation, and should be denied.”
Following are key point s DISH makes in today’s filing. The complete filing can be found here.
Merger Will Not Serve the Public Interest:
New Charter will have an increased incentive and ability to Harm OVDs: New Charter would have a particularly heightened incentive t o discriminate against competing OVD services, especially live streaming services like Sling TV – which is a total substitute for linear pay television.
New Charter is Likely t o Increase Broadband Prices, Further Prejudicing Rival OVDs: New Charter will be able t o deploy another win- win strategy t o make it s broadband business more profitable, while still protecting its linear video business: raise t he price of broadband accesses it her directly or indirectly.
T he Merger Will Create a Dominant Duo poly wit h t he Incentive t o Engage in Anti-Competitive Parallel Conduct: As Dish explained in it s Pet it ion t o Deny, t his transact ion will create a broadband duopoly, with Comcast and New Charter cont rolling about 90 percent of the high- speed broadband homes in t he country. Parallel action, with one of the two following the other, will be enough to foreclose an OVD from almost all high- speed homes in t he country.
T he Merger “Benefits” are Nothing More than Repackaged Plans and Conjecture: Charter also f ails t o provide any evidence t hat t he combination of Charter wit h TWC and BHN is necessary t o achieve many, if not all, of the benefit s it t out s. From infrastructure through jobs and cost savings, Charter has offered lit t le more than recycled (non- merger- specific) business plans and conjecture.
DTH
GTPL Hathway posts FY26 revenue growth, Q4 slips into loss
Annual profit at Rs 5.88 crore; Q4 loss at Rs 5.90 crore
MUMBAI: A strong year met a shaky finish as GTPL Hathway closed FY26 on a high note only to stumble at the final hurdle. The company’s latest financials reveal a tale of two timelines: steady annual growth alongside a fourth-quarter dip that nudged it into the red. GTPL Hathway Limited reported total income of Rs 2,472.46 crore for the year ended March 31, 2026, marking a clear rise from Rs 2,223.00 crore in FY25. Revenue from operations stood at Rs 2,450.78 crore, up from Rs 2,193.38 crore a year ago, signalling consistent traction in its core cable TV and broadband business.
Yet, beneath the annual growth narrative, the March quarter told a different story. The company posted a net loss of Rs 5.90 crore in Q4 FY26, a sharp reversal from a profit of Rs 0.91 crore in the preceding quarter and Rs 8.15 crore in the same period last year. Total income for the quarter came in at Rs 618.46 crore, largely flat sequentially but higher than Rs 569.33 crore reported a year earlier.
The pressure was visible across the cost structure. Total expenses for the quarter rose to Rs 620.64 crore, marginally exceeding income and tipping the company into a loss before tax of Rs 7.87 crore. This compares with a profit before tax of Rs 1.22 crore in the December quarter and Rs 11.32 crore in Q4 FY25.
For the full year, however, profitability held firm. GTPL reported a net profit of Rs 5.88 crore in FY26, significantly lower than Rs 47.80 crore in FY25, but still in positive territory despite higher finance costs and operating expenses. Operating expenses alone climbed to Rs 1,884.53 crore for the year, up from Rs 1,603.53 crore, reflecting the increasing cost of running and scaling network infrastructure.
Finance costs also rose notably to Rs 33.57 crore in FY26 from Rs 22.19 crore in FY25, while depreciation and amortisation expenses stood at Rs 189.19 crore, underlining continued investments in assets and technology. Employee benefit expenses, however, declined to Rs 63.42 crore from Rs 77.08 crore, offering some relief on the cost front.
An exceptional item of Rs 5.69 crore during the year also weighed on profitability, compared with Rs 3.79 crore in the previous year. Meanwhile, tax adjustments, including deferred tax movements and prior-year adjustments, played a role in shaping the final earnings outcome.
Despite the quarterly wobble, the broader picture suggests a company still expanding its top line while grappling with margin pressures. With paid-up equity share capital unchanged at Rs 112.46 crore, the focus now shifts to whether GTPL can convert its revenue momentum into more stable, sustainable profitability in the coming quarters.
In short, FY26 may have delivered growth on paper but the closing chapter serves as a reminder that in business, as in broadband, consistency is everything.
