I&B ministry approves merger of Dish TV and Videocon d2h - News Summed Up

I&B ministry approves merger of Dish TV and Videocon d2h


In a letter dated 15 December, the information and broadcasting (I&B) ministry approved the request for the completion of merger between the two companies, Zee group-owned Dish TV said in a statement. The new entity will called Dish TV Videocon Limited. Currently, there are six private DTH firms — Dish TV India Ltd, Reliance Digital Ltd, Tata Sky Ltd, Videocon d2h Ltd, Sun Direct TV Pvt. For the year ended March 2017, the total revenue of Dish TV and Videocon d2h (at a proforma level) stood at Rs6,086 crore. Dish TV and Videocon d2h had announced a merger in November 2016 and had initiated the consolidation process in the DTH market.


Source: Mint December 16, 2017 09:22 UTC



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