Subscription revenue stood at Rs 270.6 crore.
05 Feb, 2021 - 07:44 PM IST | By indiantelevision.com Team
KOLKATA: Multi System Operator Siti Networks Ltd has posted Rs 390.6 crore total revenue for the third quarter. Subscription revenue stood at Rs 270.6 crore for the quarter.
The MSO’s operating EBITDA surged to Rs 63.8 crore. This was achieved through strict control over expenses and operating efficiencies, the company stated in a BAE filing. Its operating EBITDA margin for the quarter moved to 16.3 per cent through control of various cost elements.
Siti Broadband also expanded its footprint to 21 cities during the December quarter, with the net base increasing to 1.9 lakh. Its continuous efforts to improve operational efficiencies through improvement of its systems, processes, and personnel have yielded results. This has resulted in a better and intimate ground connect with its 24,000+ strong distribution network.