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
Advertisement
#1
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 287 118,715 10-15-2020, 09:36 AM
Last Post: nairrk
  DTH Updates: R9 TV will be removed shortly on Airtel Digital TV nairrk 0 184 10-15-2020, 09:33 AM
Last Post: nairrk
  DTH Updates: ''Bansal News'' added by Airtel Digital TV nairrk 0 180 10-15-2020, 09:28 AM
Last Post: nairrk
  DTH Updates: ADTV added 'Airtel Entertainment Home 3' on Ch.123 nairrk 0 402 10-02-2020, 08:05 AM
Last Post: nairrk
  DTH Updates: New Channel ''Airtel Korean TV'' added by ADTV nairrk 0 324 09-25-2020, 07:44 AM
Last Post: nairrk
  DTH Updates: Value Sports Pack from Airtel Digital TV nairrk 0 318 09-22-2020, 11:17 AM
Last Post: nairrk
  DTH Updates: Airtel Test Channel 3 added on Ch.499 nairrk 0 520 09-19-2020, 09:37 AM
Last Post: nairrk
  AirtelDigitalTV added "Airtel Test Channel 2 (TV)" channel on its DTH platform on 17-09-2020 Sathish 1 166 09-19-2020, 09:35 AM
Last Post: nairrk
  DTH Updates: Airtel Test Channel 4 added by ADTV nairrk 0 334 09-18-2020, 09:22 AM
Last Post: nairrk
  AirtelDigitalTV added "Airtel Test Channel 4 (TV)" channel on its DTH platform on 17-09-2020 Sathish 0 121 09-17-2020, 11:04 AM
Last Post: Sathish

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement