August 18, 2017 / 6:21 AM / 3 months ago

BUZZ-Dish TV India shares rise on higher revenue per user

** Shares of satellite TV operator Dish TV India Ltd rise as much as 5.9 pct to 78.35 rupees

** Company posted a March-June consolidated loss of 116.7 mln rupees ($1.8 mln) on Thursday, but a 10.4 pct surge in average revenue per user (ARPU) from previous quarter brings cheers

** Dish TV said it expected net synergies of about 1.80 bln rupees in FY18 from merger with rival direct-to-home (DTH) services provider Videocon d2h Ltd

** More than 8 mln shares traded compared to the 30-day average of around 3.7 mln

** Stock fell 12.6 pct this year as of Thursday’s close, compared with the broader NSE index’s 21 pct rise during the same period ($1 = 64.1650 Indian rupees)

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