Concall Transcript - Dish TV

DISH TV INDIA LTD 4Q FY2010 TELECONFERENCE MAY 10, 2010
Pankaj:
In your estimation for next year, how many more subscribers will
come in from the HD technology which you are talking about
Jawahar: On HD I think in the total country there is almost maximum 3
million display device which are high definition ready, so far the
total category has done around 2000 connections.
Pankaj:
Jawahar:
Pankaj:
Okay so the category will take a long time to mature.
Yes it will take some time.
My third question is that once you achieved the 10 million
subscribers number, what kind of EBITDA margin do you think
can be sustainable and can be a real true identification of the
company
Jawahar: See on a steady state basis it should be at 31% to 32%.
Pankaj:
Moderator:
Amit:
Jawahar:
Okay fair enough, thank you.
Thank you. The next question is a follow up from the line of Amit
Kumar from Kotak Securities, please go ahead.
Hi thanks for the follow up. Sir, I just wanted to know, in the first
half of the year your churn rate was actually quite low but picked
up in the second half, so have you done some analysis on why our
consumers are leaving the DTH, are they going back to cable, are
they going back to some other platforms, have you tried to figure
this churn rate at 10% is quite high
Amit you see, in the third quarter fiscal 2010 there was a high
churn, reason being that in the previous year we had acquired
majority of the subscribers on a 12-month basis. When the renewal
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