Tata Sky’s dependence on equity infusion from the promoters has reduced significantly with capital expenditure intensity moderating, cash accruals improving and the company turning profitable at the net level.
The direct-to-home (DTH) company’s capex is likely to be in the region of Rs 1,300 crore per annum from FY17 onwards.
Between the financial years 2014 and 2016, capex incurred was over Rs 1,600 crore per annum on an average. Tata Sky, a joint venture between Tata Sons and Rupert...
Tata Sky less dependent on equity infusion