India in an interview to CNBC-TV18 from the sidelines of The Motilal Oswal Global Conference spoke about the outlook for the industry and their business going forward.
The subscriber additions for the company in the first quarter were lower than estimates but average revenue per user (ARPUs) were encouraging with a growth of 10-11 percent quarter on quarter.
Goel said the lower subscriber numbers was mainly due to suspension of subscribers, down trading because of disruption from broadcasters. He said there are fears that the ARPUs could also reduce in this disruption continues.
He said the industry has written a letter to the broadcasters for a meeting and are waiting for the outcome.
The disruption will also have an impact on the EBITDA but introduction of GST will bring in some relief from entertainment tax. Expect normalization in business in the next two months, he said.
Talking about the merger with Videocon d2h, he said NCLT has given the date as October 1, so likely it will happen by then.