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#1
29-04-2008, 11:16 AM
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Dish TV hits 3m
Rose Major,
India’s Dish TV has reached 2.5 million net subs, with 500,000 more signed up and waiting for connections. The DTH operator added 285,000 new subscribers in the three months to the end of March, meaning 1.04 million added over the past year. Dish said its service accounts for 59% of the gross Indian pay-DTH market. Zee-backed Dish said that carriage fees from channels would be one of the company’s new revenue streams in its next financial year, along with gaming. ARPU drivers will be higher channel offerings and the launch of niche channel bouquets. Meanwhile, the company’s board of directors has approved capital raising of Rs12 billion (US$298 million). That rights issue would be in addition to debt of Rs4 billion already lined up. Dish needs the cash to fund its expansion as the sector grows more competitive 
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