Dish TV reported its Q4FY17 numbers with revenues at | 708.6 crore, down 11% YoY, lower than our expectation of | 752 crore. ARPU declined steeply to | 134.4 (as per our calculation) vs. expectation of | 150 translating into lower revenues. Subscription revenues came in lower at | 620.5 crore, (vs. estimate of | 696.1 crore ) owing to lower subscriber additions as no major cricketing event was present in the quarter as well as package downgrading by existing subscribers. Subscriber addition was lower at 165,000 (estimated 280,000)...