Subisu Cable Net saw its total operating revenue stand over Rs 3 arab in FY 2079/80. The FTTH fiber internet provider saw its revenue decline by 8.13% compared to that in FY 2078/79. Care Ratings pinned the blame on the intense internet price war for the company’s financial downsize.
The prominent private internet service provider (ISP) drew a total operating revenue of Rs 3 arab, 46 crore, and 40 lakh in 2079/80. In comparison, the company generated Rs 3 arab, 77 crore, 10 lakh in FY 2078/79. Before that in FY 2077/78, the company netted Rs 3 arab, 51 crore, and 20 lakh for the revenue. As we can see, the ISP has seen its revenue numbers decline quite steeply over the years. Care Ratings states that the company’s falling revenue is due to the cut-throat competition in the internet market in Nepal. In recent years, each top IPS has geared up the race to provide faster speed packages at more affordable rates.
The speed and price war started with CG Net’s 120 Mbps internet and doesn’t seem to thaw. NTA though has called on ISPs to refrain from this unnecessary internet speed and price war. Also, the authority’s new chairman Bhupendra Bhandari himself has called it a risk to the internet industry too. However, prominent IPSs continue to feel the brunt of this raging competition among the service providers.
Subisu is Nepal’s pioneer of cable internet service. After this, the broadband internet provider further enhanced customer experience by transitioning to the next-generation FTTH fiber technology. Being one of the top-end IPSs, it’s also one of the few to provide 3-digit internet speed packages. Here, you can check out Subisu internet packages and prices [ Latest 2024]
Subisu coordinates with world-class companies such as Nokia to provide high-speed and high-quality broadband services. It’s also one of the ISPs to have an advanced modular data center. Click for details: Subisu Brings Modular Data Center into Operation
Subisu Cablenet total operating revenue between FY 2077/78 to FY 2079/80
Here’s the summary of Subisu’s total operating revenue from FY 2077/79 to FY 2079/80.
| Subisu total operating revenue in FY 2079/80 | Subisu total operating revenue in FY 2078/79 | Subisu total operating revenue in FY 2077/78 |
| Rs 3.46 arab | Rs 3.77 arab | Rs 3.51 arab |
While Subisu’s revenue figures seem to undermine its prominent position in terms of the very numbers, it remains a top ISP in Nepal. And talking of the finances, the internet industry is crowded and this is expected at the to order. Unlike telecom companies, the top internet service providers are fairly in a good position when it comes to their finances, including Subisu as well.
Subisu is one of Nepal’s top internet service providers. Based in Kathmandu, the company provides FTTH and IPTV services at various price ranges. The company has expanded its services across the country. According to the latest NTA data, the company has a customer base of around 2.80 lakh.
While the company’s services are available around the country, it’s still working on further expansion. For this, the company is heavily investing its resources. Currently, it’s BB+ for long-term loans for Rs 1 arab, 58 crore, and 79 lakh, and for short-term loans for Rs 2 arab, 4 crore, and 4 lakh. As for the short-term loan of Rs 46 crore, 44 lakh, it’s got an A4 Plus rating.
Check out: Toll-Free Numbers of ISPs in Nepal For Inquiry/Complain
Subisu boasts a 10% market share among the ISPs in Nepal. The company has 10 stations in the Kathmandu Valley and 31 branches across Nepal. It also provides 157 franchise services.
