FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post

Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Shares to Buy
by Bakkabwoi Today at 11:12 pm

» EXPOLANKA HOLDINGS PLC Interim Financial Statements quarter ended 30th June 2021
by Accountant Today at 10:09 pm

» Successful investment strategies require an understanding of the forces of stock market nature, and disciplined rules of portfolio management.
by Asoka Samarakone Today at 9:12 pm

» LANKA ALUMINIUM INDUSTRIES PLC (LALU.N0000)
by Niwa Today at 8:53 pm

» Directors' Dealings today
by SAGA Today at 6:02 pm

» Top Foreign Trading today
by SAGA Today at 5:59 pm

» CHEVRON LUBRICANTS LANKA PLC (LLUB.N0000)
by Antonym Today at 5:37 pm

» Boga unusual Collection....
by Wickyz Yesterday at 1:14 pm

» MILLENNIUM HOUSING DEVELOPERS PLC (MHDL.N0000)
by jehan008 Yesterday at 1:11 pm

» Sri Lanka FOB prices for black tea highest in the world
by samaritan Yesterday at 12:18 pm

» DPL Take over
by Vishwanarth Yesterday at 12:12 pm

» HVA FOODS PLC (HVA.N0000)
by samaritan Yesterday at 11:02 am

» INDUSTRIAL ASPHALTS (CEYLON) PLC (ASPH.N0000)
by dayandacool Yesterday at 10:09 am

» CITIZENS DEVELOPMENT BUSINESS FINANCE PLC(CDB.N0000)
by engineer Yesterday at 7:06 am

» RENUKA CAPITAL PLC . KZOO.N
by Pbv Yesterday at 12:22 am

» What will happen to AMF¿??????
by Tissa Thu Jul 29, 2021 11:46 pm

» Expert view on AMF??
by Tissa Thu Jul 29, 2021 10:12 pm

» Sell EXPO Buy EDEN sentiment changed to Exit EXPO Enter EDEN
by Bakkabwoi Thu Jul 29, 2021 8:57 pm

» What are the short term profit stocks you are planning to buy on this Monday? (Only honest ppl please)
by Hope123 Thu Jul 29, 2021 7:04 pm

» Discussion on mechanism to aid investors, Conducted BY Hon Finance Minister
by D.G.Dayaratne Thu Jul 29, 2021 6:57 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Dish TV plans to invest Rs 700 mn in Sri Lankan subsidiary

Dish TV plans to invest Rs 700 mn in Sri Lankan subsidiary

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
Oct 17, 2012 (LBT) - Dish TV, India's largest direct-to-home (DTH) company, is eyeing expansion in neighbourhood countries and is preparing to capitalise its Sri Lanka subsidiary. Dish TV is planning to invest Rs 700 million in Dish TV Lanka, a joint venture company in which it holds 70 per cent stake while local partner Satnet Private Limited has the other 30 per cent.

Dish TV has got the shareholders’ approval to invest Rs 700 million in the venture. The Sri Lanka operations is, however, not in the immediate agenda as India will take all the attention with digitisation in the four metros of Delhi, Mumbai, Kolkata and Chennai nearing deadline. Dish TV has not created a broadcasting centre or satellite link facility yet. The company, however, plans to enter into the Sri Lanka DTH market at some stage as the ARPUs (average revenue per user) are much higher.

"The DTH market in Sri Lanka is much smaller than India.But while the ARPUs in India are in the range between $3 and $4, in Sri Lanka it is close to $9. Dish TV is attracted by those ARPUs and Sri Lanka is a neighbouring territory," said an industry source. Dish TV Lanka was oncorporated on 25 April. The minority partner Satnet has a DTH Licence in Sri Lanka. Dish TV said its shareholders have approved a “Special resolution under Section 372A of the Companies Act, 1956 to make loans/investments or give guarantee or provide any security to provide up to Rs 700 million in Dish TV Lanka (Private) Limited, over and above the limits prescribed under the said section.” In Sri Lanka, the DTH market is dominated by Dialog TV, a subsidiary of telecom major Dialog Axiata. Dialog TV has an estimated 200,000 subscribers and its revenue grew 18 per cent to Rs 2.4 billion in the calendar year.

Shares of Dish TV rose 4.68 per cent on the Bombay Stock Exchange to Rs 80.35 at close on Wednesday. Dish TV will announce its fiscal second-quarter financial results tomorrow. Meanwhile, the shareholders of Dish TV have approved the re-appointment of Jawahar Goel as the managing director of the company for a period of three years effective 6 January.

Courtesy Indiantelevision
http://lbt.lk/news/business/2816-neighboring-eye

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum