Advertisement


Advertisement

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
DTH News : Sale of Reliance Digital TV part of RCom’s debt-reduction plan
#1
Advertisement
MUMBAI: In a presentation to lenders about its long-term debt reduction plan, Reliance Communications has included the sale of its direct-to-home (DTH) business.

The other assets identified for sale include real estate and under-sea cable. RCom plans to bring down its nearly Rs 45,000-crore debt by 60% by September and 80% by December.

Reliance Digital TV, the DTH arm of RCom, has just 2% share of the active subscriber base.

“RCom presented to the joint lenders’ forum a draft plan it is developing for sustainable long-term servicing of the company’s remaining debt,” The Economic Times quoted a source as saying.

RCom has been mulling hiving off its DTH business for a long time. 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.

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 March, the active DTH subscriber stood at 63.61 million. Sun Direct has a 9% 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
  General News: Prasar Bharati concludes DD Free Dish MPEG-4 e-auction with sale of 15 slots nairrk 0 1,180 03-31-2019, 09:18 AM
Last Post: nairrk
  Update: Tata Sky and Airtel Digital TV offers free sports channels nairrk 4 717 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 0 481 03-19-2019, 09:10 AM
Last Post: nairrk
  DTH News: Airtel Digital TV, Dish TV, Hathway, and More Announce Channel Prices, Packs.. nairrk 0 531 01-01-2019, 03:04 PM
Last Post: nairrk
  DTH News: Airtel Digital Tv numbers up nairrk 0 486 04-25-2018, 11:59 AM
Last Post: nairrk
  General News: Antrix disconnects transponder service to Reliance Big TV nairrk 1 564 04-24-2018, 07:37 AM
Last Post: nairrk
  DTH News: Star, Airtel Digital TV renew content deal nairrk 0 632 04-02-2018, 09:42 AM
Last Post: nairrk
  Update: Star India urges Airtel Digital subscribers to switch nairrk 0 752 03-24-2018, 02:39 PM
Last Post: nairrk
  DTH News: Star, Airtel Digital TV row escalates nairrk 0 601 03-24-2018, 10:52 AM
Last Post: nairrk
  Update: Dish TV, Videocon d2h plan to complete merger deal by 22 March nairrk 1 938 03-22-2018, 02:51 PM
Last Post: nairrk

Forum Jump:


Users browsing this thread: 1 Guest(s)
Advertisement