Advertisement


Advertisement

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Breaking News : Airtel Digital TV Enters Merger Talks With Dish TV To Become
#1
Advertisement
Direct to home (DTH) operator Dish TV’s promoters- the Goel family are planning to exit the business by selling their stake to Bharti Airtel’s Airtel Digital TV.

According to sources with information on the matter, Airtel is planning to partner with private equity firm Warburg Pincus to pay Rs 45 to Rs 50 per share to Goel’s, who would then receive somewhere between Rs 4,800 crore to Rs 5,300 crore.

After acquiring the Goel’s stake through a share swap, Airtel would open offer 20 per cent for shareholding.

The deal may be finalised next month, and mark second major merger in Indian DTH sector after Dish TV’s acquiring of Videocon d2h in 2016. When negotiations began in March, the promoters were reportedly asking for Rs 62 per share, however, the emergence of JioFibre and debt burden of the Goel’s, mean they settled for less.

Dish TV is likely to become the main brand under which consolidated DTH operations would be housed post-merger, sources said. The Telecom Regulator’s (TRAI) recent performance indicator report had reported that Dish TV and Airtel Digital TV hold 40 per cent and 22 per cent respectively of the 70.5 million DTH market.

Post-acquisition, the merged entity would be at a commendable a 62 percent market share, leaving Tata Sky at a distant second with 25 percent market share.

Original Source : click here
Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads...
Thread Author Replies Views Last Post
  Update: Airtel Digital TV Channels List rahul1117_kumar 234 108,949 02-15-2020, 11:50 AM
Last Post: nairrk
  DTH Updates: Airtel Customer Info channel added on 997 nairrk 0 268 11-22-2019, 12:13 PM
Last Post: nairrk
  DTH Updates: Airtel Digital TV users can now upgrade to HD connection for Rs 699 nairrk 0 198 11-20-2019, 06:12 PM
Last Post: nairrk
  DTH Updates: Airtel News Home 3 added by ADTV nairrk 0 279 11-07-2019, 09:57 AM
Last Post: nairrk
  Update: Airtel Digital TV Basepacks offer 30 days of free subscription nairrk 0 177 10-18-2019, 12:51 PM
Last Post: nairrk
  DTH News: Airtel Digital TV offers new LG Smart TV users 6 months of free service nairrk 0 196 09-20-2019, 02:34 PM
Last Post: nairrk
  DTH News: Airtel Digital TV 'All Channels' Pack With Popular HD, SD Channels Launched.. nairrk 1 274 09-16-2019, 12:35 PM
Last Post: mohit84
  DTH Updates: Airtel Digital TV charging Rs 80 NCF for multi-TV connections: Report nairrk 1 201 09-14-2019, 02:54 PM
Last Post: Hassan Syed
  Update: Airtel Xstream Box available at discounted price to existing Digital TV users nairrk 1 254 09-09-2019, 06:10 PM
Last Post: yieldway17
  DTH Updates: Upgrade to Airtel Internet TV at Rs.2249/- nairrk 1 391 09-04-2019, 12:19 AM
Last Post: Hassan Syed

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement