Den Networks, a cable distribution firm based in India has posted a revenue of USD 42.7 million for the most recent quarter. That would be an increase of 32.4% higher than what was posted for the same quarter ending in the previous year which was reported at USD 32.2 million.
In terms of its cable revenue on a year-on-year basis, it boasted an increase of 35%. It currently stands at USD 40.6 million. For the same quarter ending in the previous year, the cable firm reported USD 30.2 million.
Den Network currently has approximately 5 million digital subscribers using its STB connections and accounts for accounts for 26% of all cable STBs in the Phase II market. It was announced in September that Goldman and Sachs, the global investment company was investing USD 110 million and is acquiring 18% stake of Den Networks.
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