Manish Chokhani of Enam Consultants analyses forward going Dish TV standing. He says Dish TV is likely to add 1 crore subscribers in the next 5 years. It could be a Rs 5,000 crore company in 5 years.
He sees EBITDA margins at 30-35% levels. But Dish TV profits are seen muted initially. The USD 100 million block of Dish TV has been placed with 6-7 big players. Out of the USD 100 million block, about 85% has been placed with FIIs.
He adds that the proceeds from sale of Rs 4 crore shares by promoters, will be used for expansion. Dish TV ARPUs can go up to USD10-11 per month.
Talking about Tata Steel, he says the company using more equity than debt is a good thing. He sees incremental USD 800 million EBITDA from Corus.
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