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 264 115,398 Yesterday, 08:00 AM
Last Post: nairrk
  General News: General Discussion about Airtel Hassan Syed 11 1,287 08-06-2020, 06:26 PM
Last Post: techsevi
  Update: Airtel offers Xstream Box at a refundable security deposit of Rs 1,500... nairrk 1 131 08-04-2020, 06:45 PM
Last Post: nairrk
  DTH Updates: Airtel Xstream channel added on Airtel Digital TV Sathish 2 149 07-31-2020, 10:26 AM
Last Post: Sathish
  DTH Updates: Vissa TV Channel A-La-Carte price changed to FREE on Airtel Digital TV Sathish 1 214 07-30-2020, 12:12 PM
Last Post: nairrk
  DTH Updates: Nepal 1 and Prameya News 7 channels removed from Airtel Digital TV Sathish 0 180 07-23-2020, 10:41 AM
Last Post: Sathish
  DTH Updates: Ishwar TV and Network 10 channels added on Airtel Digital TV Sathish 1 293 07-22-2020, 11:19 AM
Last Post: nairrk
  DTH Updates: PCR PID updated for News Time Bangla channel on Airtel Digital TV Sathish 0 150 07-21-2020, 01:32 PM
Last Post: Sathish
  DTH Updates: Airtel Info Home SD & HD channels epg names updated on Airtel Digital TV Sathish 0 116 07-20-2020, 04:33 PM
Last Post: Sathish
  DTH Updates: Airtel Movies Home 3 channel added on Airtel Digital TV Sathish 1 182 07-17-2020, 11:34 AM
Last Post: nairrk

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement