CANNES, France, Oct. 8, 2015 /PRNewswire/ — Videocon d2h Restricted (NASDAQ:VDTH) (“Videocon d2h”), India’s quickest rising DTH service and most valued Indian firm on NASDAQ was honored with the Pay TV Service of the Yr award at this 12 months’s MIPCOM, the worldwide tv market and pageant.
Becoming a member of high delegates from the worldwide tv, content material manufacturing and distribution and media expertise industries on the Carlton Seaside resort in Cannes this night, Videocon d2h was acknowledged for achievements through the inaugural Content material Innovation Awards celebration, organized by Digital TV Europe and its sister commerce publication TBI.
Saurabh Dhoot, Govt Chairman, Videocon d2h, mentioned: “Because the quickest rising Pay-TV operator in India and the DTH market chief for the fourth consecutive 12 months when it comes to incremental market share. Videocon d2h has labored onerous for its success in what can solely be described as a strongly aggressive market. Our focus of offering superior customer support for each single one in every of our 14 million gross subscribers has served as the muse for a number of milestone accomplishments for Videocon d2h, together with including 2.64 million subscribers, rising subscription revenues by 38.3% throughout this previous fiscal 12 months.”
“2015 has definitely been a banner 12 months for Videocon d2h,” added Anil Khera, CEO, Videocon d2h. “We began the 12 months with the launch of India’s first 4K Extremely HD channel in January, grew to become probably the most valued Indian firm to be listed on NASDAQ with our profitable IPO with a market cap of US$1.24 billion as of June 30, 2015. Being honored with Pay TV Service of the 12 months award is a celebration of our buyer delight method.”
Accepting the award, Rohit Jain, Deputy CEO at Videocon d2h mentioned: “Being named Pay TV Service of the Yr, particularly from a worldwide subject of revolutionary companies, is really the icing on the cake.”
Digital TV Europe and TBI‘s inaugural Content material Innovation Awards rejoice achievements throughout a variety of classes – together with Channel of the Yr, Multiscreen TV, Social TV, Video-on-Demand, MCNs, Greatest New Channel Launch, Greatest Collection Launch, Expertise Innovation and Pay TV Service of the Yr, amongst others.
The Pay TV Service of the Yr award, sponsored by ARRIS Group, acknowledges the previously easy enterprise of aggregating content material and promoting it for a month-to-month payment, which is now a multifaceted enterprise spanning content material creation, linear channels, on-demand companies, interactive content material, OTT and TV In every single place, all delivered by way of a person expertise that’s compelling sufficient to incentivize viewers to proceed subscriptions.
About Videocon d2h
Led by key administration together with Govt Chairman Saurabh Dhoot, who based and launched the corporate with a US$600 million funding, Videocon d2h launched in 2009 and inside a 12 months had 1 million subscribers. At the moment it has 14 million subscribers. The longevity and stability of its management is personified by CEO Anil Khera, who has been with the Videocon group for 30 years.
Videocon d2h boasts the most important distribution community with over 200,000 shops throughout India serving new prospects and offering handy recharges; and the corporate’s dedication to 100% buyer satisfaction ensures that it’s the solely operator in India with an unique service community permitting for roughly 97% of the Firm’s new subscribers to have set high containers put in on the identical day that service is requested. These efforts have earned Videocon d2h recognition as Asia’s most promising DTH model for 12 months 2013 & 2014 and earned Financial Occasions’ Greatest Manufacturers & Promising Model awards for 2014 and 2015 respectively. Continually redefining the TV viewing expertise– launching India’s first 4K Extremely HD Channel in January of this 12 months, offering wi-fi DTH headphones and radio frequency DTH distant–Videocon d2h is dedicated to sustaining its place as the popular pay TV service supplier within the extremely aggressive DTH trade.
With India’s sturdy financial development outlook, Videocon d2h believes Common Income Per Person (ARPU), TV penetration and elevated HD uptake will result in stronger income development for Pay TV on the whole. Videocon d2h strives to take trade requirements increased by way of its dedication to offering prospects with superior companies and revolutionary expertise that brings the very best of leisure to customers.
This announcement might comprise forward-looking statements, as outlined within the secure harbor provisions of the US Non-public Securities Litigation Reform Act of 1995. Along with statements that are forward-looking by purpose of context, the phrases “might”, “will”, “ought to”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “potential”, or “proceed” and comparable expressions determine forward-looking statements. We warning you that reliance on any forward-looking assertion entails dangers and uncertainties that may trigger precise outcomes to vary materially from these expressed or implied by such statements. These and different elements are extra totally mentioned within the Videocon d2h’s annual report on Kind 20-F filed with the SEC and obtainable at http://www.sec.gov. All data offered on this announcement is as of the date hereof, except the context in any other case requires. Aside from as required by legislation, Videocon d2h doesn’t undertake to replace any forward-looking statements or different data on this announcement.
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