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| videcon d2h |
“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.
Videocon D2H had a gross subscriber base of 13.7 million as on June 30, 2015. The company’s average revenue per user (ARPU) for the quarter ended June 30, 2015 was Rs 205.
The company, which had listed on Nasdaq early this year, has no immediate plans of fund raising for its expansion plans.
“We had raised capital from the US recently. Our debt is less than two times EBIDTA, we have cash in our hands and our business is getting free cash flow positive. The company is well funded for the next two phases of digitisation and does not need further capital imediately,” Dhoot said.
Since we are not in immediate need of funds, we have not yet refiled for the initial public offering (IPO) in India, Dhoot added. Videocon D2H had filed for an IPO to raise nearly Rs 700 crore with the Securities and Exchange Board of India in September last year but had withdrawn it on March 27, 2015.
According to Dhoot, the company is also open to the option of inorganic growth to increase its subscriber base.
“The industry has consolidated between the top four operators. There is not much scope for consolidation and growth remains robust and exciting for us,” Dhoot said.
However, there could be interesting acquisition opportunities in the future and we may look at it if it makes sense to us, Dhoot added.
Opportunities galore
It had a gross subscriber base of 13.7 million as on June 30, 2015
Videocon D2H home operator is open to the option of inorganic growth
The company has no immediate plans to raise funds
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