SITI Networks announce Infrastructure Sharing with Hinduja s HITS platform NXTDigital equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
Tenure of SN Sharma as president ended on 31 March.
06 Apr, 2021 - 01:40 PM IST | By indiantelevision.com Team
KOLKATA: All India Digital Cable Federation (AIDCF) has appointed GTPL Hathway MD Anirudhsinh Jadeja as the new president of the apex body of digital cable television players. The change has been made as the tenure of DEN Networks CEO SN Sharma as AIDCF president ended on 31 March 2021.
Jadeja is a veteran in the cable industry and founded GTPL Hathway in 2006. His strategic vision and hands-on leadership shaped the cable business over decades.
While giving his farewell address, Sharma welcomed Jadeja as the next AIDCF president and said, “Cable industry has witnessed many challenges in the last two years, including huge operational challenges from Covid2019 pandemic, however, due to its strong roots with the public at large, it managed to sail through. We hope the coming time will be interesting and conducive for the growth of the industry.”
India Ratings and Research on Thursday gave a stable outlook to print media, broadcasters and multi-system operators for FY22, driven largely by expectations of demand recovery as the economic conditions improve. The agency, a division of Fitch Ratings, maintained a negative outlook for the multiplex sector, given the delayed recovery curve and continued low attendances hampering cinema operators. It anticipates a weak demand recovery for movie exhibitors, which have been impacted because of the pandemic. Advertising revenues are growing for the broadcasters and print media since the second half of FY21 which bolsters the near term outlook, it said.
Print media will continue to face challenges from digital initiatives cannibalising circulation, which would necessitate companies investing in online ventures themselves, the agency said.
SITI Networks Q3FY21 operating EBITDA surges to Rs 638 mn adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
SITI Networks Q3FY21 Operating EBITDA surges to Rs.638 Mn
Posted On: 2021-02-05 07:31:47 (Time Zone: Arizona, USA)
SITI Networks Limited (BSE: 532795, NSE: SITINET), an Essel Group Company, one of India s largest Multi-System Operators (MSO), has released its Consolidated Audited Financial Results for Q3 FY21, ending December 31, 2020, showcasing continued focus on strict control on expenses and operational efficiencies.
SITI s Q3 FY21 Operating EBITDA surged to Rs. 638 Mn. This was achieved through strict control over expenses and operating efficiencies. SITI s Operating EBITDA Margin for Q3 FY21 moved to 16.3% through control of various cost elements.
Total Revenue (excluding Activation) remained flat compared to the previous quarter at Rs. 3,906 Mn. Subscription revenue too remained mostly flat compared to the last quarter at Rs. 2,706 Mn.