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HomeNewsCable NewsGTPL Hathway to invest Rs 165 crore in FY20
Thursday, 05 December 2019 14:21

GTPL Hathway to invest Rs 165 crore in FY20

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The leading MSO GTPL Hathway will invest Rs 160-165 crore Capex in FY20. The company has already spent Rs 86 crore in the first two quarters of the current fiscal.

GTPL Hathway business head – video and chief strategy officer Piyush Pankaj said, “Yearly guidance we are keeping it same as Rs.160-165 crores Capex for the whole year. We have already utilized around Rs.86 crores out of that and 50% will be utilized in next two quarters.” 

As per GTPL Hathway MD Anirudhsinh Jadeja, Capex in Q2 was around Rs. 55 crore which included Rs 40 crore on cable TV and Rs 15 crore on broadband. In Q1, the Capex stood at Rs 31 crore including Rs. 15 crore on broadband and Rs 16 crore on cable TV.

Jadeja added the company collects only 25% of the amount collected by local cable operators (LCOs) from the customers. The company plans to increase its share of the revenue gradually. In Q2, the ARPU increased to Rs. 123-124 from Rs. 121.

If ARPU touches up to Rs. 146 then the company’s subscription revenue collection will witness a yearly jump of Rs. 120 crore. Monthly, it can add Rs. 10 crore upside revenue.

Now, the company is also planning to seed 1 million set-top boxes (STBs) in FY20. The company plans to close its subscriber base at 8 million subscribers by the end of this fiscal.

Boosting its broadband segment, the aim is to close the year at 400,000 subscribers at an average revenue per user (ARPU) of Rs 430.

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