Advertisement


Advertisement

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
DTH News : Astro in talks to acquire Anil Ambani’s Reliance Digital TV
#1
Advertisement
[Image: e6rSFcQ.jpg]MUMBAI: Malaysia-based Astro, which has a 20% stake in Sun Direct, is in talks to buy out Anil Ambani’s direct-to-home (DTH) business housed under Reliance Communications.

Astro is in the process of valuing Reliance Digital TV, the DTH arm of Reliance Communications (RCom).

With RCom sitting on a mountain of debt, it is looking to sell its non-core assets including the DTH business. In 2013, Reliance Digital TV and Sun Direct were exploring a merger. The match between the two is an ideal one as both of them are located on the same satellite.

Astro is carrying out due diligence of Reliance Digital TV. Valuation is being worked out by the two entities, the Times of India quoted a source as saying.

RCom, which has a total debt of close to Rs 45,000 crore, has got a seven-month reprieve from lenders to put its house in order. The company is planning to reduce its liabilities by 60% with the Aircel merger and the sale of tower assets to Brookfield. It is also looking to unload its DTH business to cut its debt.

Incidentally, T Ananda Krishnan owns stakes in both Sun Direct and Aircel. So, Krishnan and Ambani could be working out two deals. Krishnan’s Maxis Communications is the largest owner of Aircel, which is being merged with RCom’s wireless unit. In the merged entity, Aircel and RCom are going to have equal shareholding.

Reliance Digital TV is a minor player in the growing DTH business, which is witnessing consolidation with Dish TV and Videocon d2h merging to create a distribution behemoth having 28.31 million subscribers, as on 31 March.

Reliance Digital TV, on the other hand, has a meagre 2% share of active DTH subscriber base, according to the TRAI report. As on 31 December, the active DTH subscriber stood at 62.65 million. Sun Direct has a 10% share of total active DTH subscriber base.

Source:

___________________________________________
Airtel Digital HD Recorder / Kerala Vision Digital TV
Reply
Thanks given by:
Advertisement
Advertisement




Possibly Related Threads...
Thread Author Replies Views Last Post
  DTH News: Reliance Jio smart hybrid set-top-box first look is here nairrk 0 3,499 08-29-2019, 12:05 PM
Last Post: nairrk
  DTH News: Tata Sky vs D2h vs Dish TV vs Airtel Digital TV: STB prices, features compared nairrk 1 1,042 07-07-2019, 02:54 PM
Last Post: Hassan Syed
  Update: Tata Sky and Airtel Digital TV offers free sports channels nairrk 4 1,046 03-25-2019, 12:07 PM
Last Post: nairrk
  DTH News: Dish TV, Airtel Digital TV plan mega merger to take on Reliance Jio: Report nairrk 0 664 03-19-2019, 09:10 AM
Last Post: nairrk
  DTH News: Airtel Digital TV, Dish TV, Hathway, and More Announce Channel Prices, Packs.. nairrk 0 682 01-01-2019, 03:04 PM
Last Post: nairrk
  DTH News: Airtel Digital Tv numbers up nairrk 0 602 04-25-2018, 11:59 AM
Last Post: nairrk
  General News: Antrix disconnects transponder service to Reliance Big TV nairrk 1 756 04-24-2018, 07:37 AM
Last Post: nairrk
  DTH News: Star, Airtel Digital TV renew content deal nairrk 0 732 04-02-2018, 09:42 AM
Last Post: nairrk
  Update: Star India urges Airtel Digital subscribers to switch nairrk 0 900 03-24-2018, 02:39 PM
Last Post: nairrk
  DTH News: Star, Airtel Digital TV row escalates nairrk 0 721 03-24-2018, 10:52 AM
Last Post: nairrk

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement