SEA TV receives dent in PAT, pay channel charges bite

Agra-based SEA TV Network has little to cheer from the digitisation of cable TV networks mandated by the government. 

Higher pay channel charges and interest burden in the fiscal second-quarter has left a huge dent on the company’s bottom line. This is despite its revenue seeing decent growth in the quarter and half year through September 2013. 

Lower operating profit resulted in reduced EBITDA margin of 38% during the quarter under review as against 46% reported in the trailing quarter. SEA TV raised Rs. 50.20 crore ( Rs. 502 mn) from initial public offering (IPO) for setting up digital headend and network for implementation of Conditional Access System (CAS), as well as converting from the present analogue system of distribution to a Digital Access System (DAS). It has so far spent Rs. 26.66 crore ( Rs. 266.6 mn) towards DAS implementation. 

SEA TV has undertaken work of setting up own cable distribution (underground optical fibre) network capable of digital transmission throughout Agra City and adjoining areas.

Source: http://cablequest.org/news/national-news/item/3624-sea-tv-receives-dent-in-pat,-pay-channel-charges-bite.htmlSource: http://cablequest.org/news/national-news/item/3624-sea-tv-receives-dent-in-pat,-pay-channel-charges-bite.html