News Broadcasting
SES enables Chinese startimes to expand tv reach in Africa
MUMBAI: SES (NYSE Euronext Paris and Luxembourg Stock Exchange: SESG) announced today that StarTimes Communication Network Technology, China’s most influential system integrator, technology provider and network operator, has signed a 10-year contract on SES-5 at 5 degrees East to expand its media footprint in Africa and deliver direct-to-home (DTH) broadcast services across the continent.
StarTimes, which is the fastest-growing digital TV operator Africa and has over 2.6 million digital terrestrial television (DTT) subscribers, also acquired SES’ 20% shareholding in South African pay-TV operator Top TV.
The contract will see StarTimes utilise four transponders as of October 2013 and a fifth transponder from February 2014 to grow their DTH subscribers in Africa. The Chinese broadcaster will continue to broadcast TopTV on SES-5 by using three of the newly-contracted SES transponders that were formerly leased by ODM. The other two out of the five SES transponders contracted by StarTimes will be used to complement their DTT offering in remote and non-urban areas and grow their pay-TV business.
“The recent success of StarTimes’s strategic investment in ODM will allow us to reach new audiences in South Africa. The partnership with SES enables StarTimes to have a DTH platform in addition to the existing DTT and mobile TV (CMMB) platforms in sub-Saharan Africa. In addition, the high-powered SES-5 at the prime orbital location of 5 degrees East is ideal in overcoming the challenges of terrestrial coverage to reach large audiences. This will allow us to extend our broadcast reach across the continent and ensure excellent service and picture quality for our viewers,” said StarTimes Group Chairman and President Pang Xinxing.
“We are honoured that StarTimes has chosen to work with us to complement their DTT business across Africa and to deliver more exciting content to Africa’s dynamic markets,” said Ferdinand Kayser, Chief Commercial Officer of SES. “The new partnership with StarTimes will illustrate how the combination of DTH and DTT is a key enabler in Africa’s migration to digital TV and also help set pace in the continent’s digital migration race.”
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.
