Aksh Optifibre recently reported another quarter of losses, though there is some improvement, company officials say.
Its total income for the quarter ended December 31st 2010 increased 7.31 percent sequentially to Rs. 2.48 crore, from Rs. 2.31 crore reported last quarter, company officials said, adding that its loss for the quarter has reduced to Rs. 1.76 crore, from Rs. 3.93 crore; note that of this, only Rs. 1.36 crore is classified as Income from operations, which is up sequentially from Rs. 1.17 crore (a crore is a unit in the Indian numbering system equal to ten million.? One U.S. dollar equals 45 Indian rupees).
The company’s services include business VoIP (Pigeon) and IPTV (News - Alert) (iControl) ventures, which are franchisees for government owned telecom operators BSNL in 20 cities in North India, and MTNL in Delhi and Mumbai. “They have yet to show any significant growth in revenues, or turn a profit for the last 11 quarters,” company officials report.
Comment on the company’s losses, Industry Journal’s Medianama said, "Perhaps its bet on fibre to the home FTTH trials, which it is trying out in Jaipur or its international foray –- in Dubai-- might pay off."
“Profitability is still far away, though, and IPTV in India doesn’t look like it will take off," added Medianama.
Recently, TMC (News - Alert) had the news that Alcatel-Lucent, in collaboration with Aksh Optifibre, announced that it enabled the commercial launch of India's first 3G-driven mobile TV service. This mobile TV service, offered by the broadband mobile provider MTNL, makes multimedia and entertainment "a reality for millions of MTNL mobile subscribers in the metro cities of Delhi and Mumbai," company officials said.
Aksh pioneers of IPTV, VoIP services and optical network India, uses Alcatel-Lucent's (News - Alert) mobile streaming server to provide an enhanced user experience thanks to its bandwidth adaptation and video optimization capabilities as well as enable generate additional revenue for MTNL thanks to its ad insertion capability.
David Sims is a contributing editor for TMCnet. To read more of David’s articles, please visit his columnist page. He also blogs for TMCnet here.
Edited by Charles West