Broadband Segment Continues to Deliver for GTPL Hathway

ICICI Direct, one of the largest retail brokers and financial product distributors in India on Monday said that the “growth momentum” in the broadband segment continued for GTPL Hathway. The firm in a report highlighted that GTPL Hathway registered over 50,000 new broadband users during the quarter ended December 31, 2020. GTPL Hathway, a leading Digital Cable TV and broadband service provider in India on Wednesday announced the financial results for its third quarter and nine months period ended December 31, 2020. The operator reported that its internet services generated Rs 77.8 crore revenues for the period ended December 31, 2020, up 84% year-over-year (YoY).

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GTPL Hathway Users Consumed 205GB Per Month

GTPL Hathway said that it has added 55,000 net broadband users in its third quarter with the total additions hitting 185,000 in the first nine months of the current financial year.

“Our Broadband business picked up pace owing to e-learning and work from home resulting in additional 1,85,000 Broadband subscribers during 9M FY21,” Anirudhsinh Jadeja, managing director of GTPL Hathway, said in a release on Wednesday. “We are looking forward to close FY21 on a high note coupled with our planned launch of new products and services in Q4 FY21 along with expanding GTPL’s footprints in existing and new markets.”

The operator also highlighted that the data consumption per user touched 205GB per month as on December, 2020, up 63% YoY. In the same period in the previous year, the operator said that the data consumption per user was at 126GB per month.