Essel Group-owned broadband service provider SITI Broadband has expanded its footprint to 21 cities across the country at the end of Q3 FY 21. The continued expansion comes on the back of SITI Broadband expanding to six new cities in Q2 FY 21 including Noida, Jaipur, Jodhpur, Saharanpur, Dehradun, and Bahadurgarh.
SITI Networks subscriber base has also increased a result of the expansion with 1.9 lakh subscribers at the end of Q3 FY 21. The company through continuous efforts has improved operational efficiency through improvement of its systems, process, and personal yielding results. SITI has built a better and intimated ground connect with its 24,000+ strong distribution network resulting in better performances.
“SITI’s continued focus on operational efficiencies and strict control over expenses has ensured our Operating EBITDA moving to Rs.638 Mn and Operating EBITDA margins remaining at a healthy 16.3% in Q3 FY21. Our Total Revenue (excluding Activation) largely remained flat compared to the previous quarter to Rs.3,906 Mn in the same period. During the quarter, SITI Broadband also expanded its footprint to cover 21 cities across the country with a 1.9 lakh strong and growing base. Our close working with our 24,000+ ground distribution partners would stand us in good stead over the coming quarters, focusing on sweating of assets. “
Anil Malhotra, CEO of SITI Networks Limited
The company recently acquired a 51 percent equity stake in E-Net Entertainment Private Limited to make its presence within the territory of Andhra Pradesh and Telangana.