` 349 crore, and total revenues up 33% would stand us in good stead over the at ` 2,729 crore. EBITDA stood at coming quarters, focusing on sweating ` 715 crore vs ` 565 crore in the previous of assets,” CEO Anil Q3 quarter of 2019. Malhotra added. Ad revenues saw a growth and AIRTEL ACQUIRES STAKE IN reached ` 1302 crore vs ` 1230 crore. BHARTI TELEMEDIA Subscription revenue in Q3 was also plans to acquire a strong at ` 841 crore vs ` 713 crore, up 20 per cent stake in Bharti Telemedia 18% YoY. DISH TV’S ` 1,000 CRORE from Warburg Pincus for ` 31,260 Domestic subscription revenue FUND PUSH. million. has been up 9.3% driven by both Dish TV The disbursal will be via television and Zee5. The comparable India is issuance of 36.47 million equity shares programming cost (excluding trying to of Airtel at a price of ` 600 per share inventory amortisation of syndicated mop up a and up to ` 10,378 million in cash. content) grew by 11% YoY and strategy to The proposed transaction is primarily led by increased content and raise funds part of Airtel’s strategy to align the transmission costs in digital business. of ` 1,000 shareholding of its customer facing A&P and other expenses declined by crore for products, services and businesses business 8.3% YoY during the quarter. expansion. The digital business Zee5 saw The funds global MAUs at 65.9mn and DAUs at will be 5.4mn respectively in Dec 2020. Zee5’s Q3 revenue stood at ` 117.8 crore with raised in tranches and the board has under the same holding group. an EBITDA loss at ` 175 crore constituted a fund-raising committee “DTH is an integral part of our for recommending. Dish TV had a SITI NETWORKS CLOCKS Homes strategy and this transaction consolidated profit of ` 86.41 crore ` 390.6 IN 2020 Q3 is another step towards simplifying the for the third quarter ended December Leading shareholding of our customer facing 2020 compared to a net loss of ` 66.77 MSO, Siti businesses providing structural crore in the same period a year ago. Networks Ltd flexibility and ease of implementation. The operations revenue was has had a good Airtel has always enjoyed a close and down six per cent year-on-year to ` run in 2020 Q3 strategic partnership with Warburg 815.67 crore during the quarter as with a turnover Pincus, across its business verticals against ` 867.8 crore of the of ` 390.6 crore and geographies and we are delighted corresponding quarter. Dish TV is the revenue of to have them back as part of Airtel’s active in DTH and teleport service, and subscription exciting journey ahead, including in infra support services. It is also touched ` 270.6 digital businesses,” said Bharti engaged in the business of crore and EBITDA was at ` 63.8 crore. Enterprises’ group director, Harjeet broadcasting of other satellite Siti Broadband expansion spree Kohli. telecommunications activities. continued across 21 cities and the net Airtel will issue its shares to the ZEE’S Q3 PROFITS INCREASE base increasing to 1.9 lakh. The Warburg Pincus affiliate at a premium Zee company worked on its operational of 0.50 per cent to the floor price Entertainment efficiencies through improvement of its determined as per ICDR regulations. total revenue for systems, processes, and personnel The remaining consideration of ` 9,378 Q3 of 2020 was ` and that resulted in a better connect million will be paid in cash on the 2,729 crore, up by with its 24,000+ strong distribution closing date of the proposed 33%. network. transaction. There may also be minor The profit rose to "Our close working with our customary closing adjustments not ` 399 crore vs 24,000+ ground distribution partners exceeding ` 1,000 million.. 

54 SATELLITE & CABLE TV MARCH 2021