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August 30, 2011

Dish TV-Tax evasion reports false; letter to I&B sent: Dish TV

There is plenty of headroom to grow in the direct-to-home (DTH) space, says RC Venkatesh, CEO of Dish TV. In an interview with CNBC-TV18, he says country wide growth in DTH is expected to remain strong for a couple more years. In the first quarter, Dish TV did a subscriber addition of 725,000, a growth of 14% YoY.
Regarding the company falling under the IT department’s tax evasion scanner, Venkatesh says the reports are unfounded. The license fee that Dish TV is paying is on the adjusted gross revenue as per the TDSAT order. They have also given a letter to the Ministry of Information & Broadcasting (I&B) with clarification regarding the same.

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