Videocon d2h To Increase Monthly Subscription Prices

Move follows expansion of content benefiting subscribers

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Sep 03, 2015, 11:00 ET

MUMBAI, India, Sept. 3, 2015 /PRNewswire/ -- Videocon d2h Limited (NASDAQ: VDTH) ("Videocon d2h"), India's fastest growing DTH service and most valued Indian company on NASDAQ, has today announced an increase in monthly subscription prices applicable across India. This is in line with the guidance given with regards growth in average revenue per user (ARPU). Depending on the monthly subscription rate of the package, prices will increase in the range of Rs 12 to Rs 23 per month.

Today's announcement comes following numerous technological advancements and content acquisitions Videocon d2h has made for the benefit of its subscribers. The company has prided itself in presenting a robust lineup of channels and services that is now the largest of its kind in India, at 525 national and regional channels and services. Videocon d2h has achieved many firsts in the Indian DTH industry, such as being first to launch the 4K Ultra HD Channel.

Forward looking statements
This announcement may contain forward-looking statements, as defined in the safe harbor provisions of the US Private Securities Litigation Reform Act of 1995. In addition to statements which are forward-looking by reason of context, the words "may", "will", "should", "expects", "plans", "intends", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" and similar expressions identify forward-looking statements. We caution you that reliance on any forward-looking statement involves risks and uncertainties that might cause actual results to differ materially from those expressed or implied by such statements. These and other factors are more fully discussed in the Videocon d2h's annual report on Form 20-F filed with the SEC and available at http://www.sec.gov. All information provided in this announcement is as of the date hereof, unless the context otherwise requires. Other than as required by law, Videocon d2h does not undertake to update any forward-looking statements or other information in this announcement.

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SOURCE Videocon d2h Limited