The sale of Reliance BIG TV to Pantel and Veecon Media is in consonance with Reliance Communications’s stated objective to focus on B2B businesses of the new RCom, says the telecom firm. Photo: BloombergNew Delhi: Anil Ambani-led Reliance Communications (RCom) on Tuesday said that it will sell its direct-to-home (DTH) subsidiary Reliance BIG TV Ltd to Pantel Technologies Pvt. Veecon Media and Television Ltd is a New-Delhi based company with interests in production, distribution and sale of television content. Earlier this month, Reliance Communications had signed a memorandum of understanding (MoU) with Veecon Media to sell its DTH business. The new company, in which Dish TV will own 55% stake and Videocon 45%, will be called Dish TV Videocon Ltd.

Source: Mint November 28, 2017 16:52 UTC