Zee Entertainment Enterprises Ltd owned DTH operator Dish TV has registered a loss of Rs. 18 crore in quarter ending September against a profit of Rs69 crore a year earlier.
According to Jawahar Goel, chairman and managing director at Dish TV India Ltd, “We have been eager to get back to our stakeholders with the news of the successful closure of the merger. With all other approvals in place, the only approval pending is from the ministry of information and broadcasting. We are optimistic about hearing back from the MIB any moment now and hope to close the merger at the earliest thereafter.”
The DTH operator recorded operating revenue of Rs748.6 crore, down 3.9% from Rs779.3 crore in the previous year. Subscription revenue also saw a 3.3% decline to Rs704.9 crore in the quarter compared with Rs728.8 crore in the year-ago period.
As a matter of fact, Dish TV is close to completing its merger with Videocon d2h, the direct-to-home television arm of Videocon Industries Ltd, announced in November 2016.
The DTH operator recorded operating revenue of Rs748.6 crore, down 3.9% from Rs779.3 crore in the previous year. Subscription revenue also saw a 3.3% decline to Rs704.9 crore in the quarter compared with Rs728.8 crore in the year-ago period.
As a matter of fact, Dish TV is close to completing its merger with Videocon d2h, the direct-to-home television arm of Videocon Industries Ltd, announced in November 2016.
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