Videocon d2h- the direct-to-home TV service provider- is planning to invest as much as USD1 billion over the next five years to strengthen its position in the Indian TV market.
According to Videocon Group chairman Venugopal Dhoot, the company’s USD325 million offering received positive response in the US, leading to greater cash flow into India business, according to Television Post.
The DTH player says that it is expecting to end the current financial year with an EBITDA of INR8.2 to 8.6 billion. In FY2015, Videocon d2h posted an operating profit of INR6.10 billion.
Videocon currently has a net subscriber base of 10.64 million while Average Revenue per User stands at INR205.
The company recently said that the new wave of digitisation will help it make profits over the next three months.
“We hope to be PAT positive early next year or late this year (within the next three quarters),” Videocon D2H executive director Saurabh Dhoot told Deccan Herald. With 60-70 million analog homes planned to be digitised in the next 2-4 years as part of the the Phase 3 and Phase 4 digitisation, we hope to double our subscriber base in the next three to four years, Dhoot added, according to Deccan Herald.
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