IndianMascot
Core Member
The Sun TV Network scrip shed nearly 11 per cent in only four trading sessions (December 10-16), extending the 8.5 per cent fall on Friday, after reports that the promoters were questioned by the government's enforcement directorate on the controversial Aircel-Maxis deal.
While the Sun group (Sun TV’s promoter) has 10 million DTH consumers, it has 44 million cable subscribers, of which a little over 90 per cent receive analogue signals. However, the reduction of pricing gap between Sun's DTH (Arpu or average revenue per user is Rs 40/month) and analogue (Arpu of Rs 4) subscribers, coupled with digitisation, indicates strong (subscription) revenue potential for the network, according to UBS analysts. The research firm has a target of Rs 485.
Sun TV: Positive macros, operational worries | Business Standard News