Technoglitch
Core Member
if a company wants to sell, isn't it possible as both are in same satellites
Breaking News RCom may sell controlling stake in DTH biz to Sun Group: Report
- Thread starter Technoglitch
- Start date
IndianMascot
Core Member
But as per Licensing norms, two companies are not allowed to resale their license.
IndianMascot
Core Member
Sun TV to acquire 80% stake in Reliance Digital TV
Reliance Digital TV, the fully-owned subsidiary of Reliance Communications that runs its direct-to-home (DTH) operations, is close to selling over 80% stake to Sun TV. The deal is valued around Rs. 2,500cr.
Reliance DTH has a subscriber base of about 4.6mn customers while Sun TV has a subscriber base of about 8.5mn. The combined entity would have a subscriber base of about 13.1mn making it the largest player. Currently, Dish TV having subscriber base of 10.7 million is the largest player. We maintain Neutral rating on the stock.
Reliance Digital TV, the fully-owned subsidiary of Reliance Communications that runs its direct-to-home (DTH) operations, is close to selling over 80% stake to Sun TV. The deal is valued around Rs. 2,500cr.
Reliance DTH has a subscriber base of about 4.6mn customers while Sun TV has a subscriber base of about 8.5mn. The combined entity would have a subscriber base of about 13.1mn making it the largest player. Currently, Dish TV having subscriber base of 10.7 million is the largest player. We maintain Neutral rating on the stock.
IndianMascot
Core Member
It is suppose to be completed in this month itself. At any fine day we may recieve the news 
Technoglitch
Core Member
lets hope the news be true and rdtv exit the business as its dull now.
Technoglitch
Core Member
Due-diligence may have been on for some time
now on the merger of Reliance Digital and Sun
Direct, but a concrete decision is yet to be taken
on the deal, according to reliable sources.
Senior executives at Reliance say they do not
want to comment on speculation and Sun TV
Network officials could not be reached for
comment. But industry sources say it may take a
while to decide this issue, as it calls for a lot of
understanding between the two entities.
The two companies have been sharing their
back-end facilities for a couple of years now.
After a technical glitch in INSAT 4B in 2010, Sun
Direct entered into a long-term agreement with
Reliance Digital to share the latter’s bandwidth
in MEASAT 3. “Beyond this, we do not know
anything between the two companies,” said an
executive at Reliance Digital. The executive says
there is no official information on this from the
top – not even a word on employees’ status.
“We do not know whether we would be offered a
choice to move to the new entity or to remain
with Reliance,” the person said.
http://www.thehindubusinessline.com/companies/reliance-digital-sun-direct-merger-may-take-a-while-to-happen/article5010299.ece/
now on the merger of Reliance Digital and Sun
Direct, but a concrete decision is yet to be taken
on the deal, according to reliable sources.
Senior executives at Reliance say they do not
want to comment on speculation and Sun TV
Network officials could not be reached for
comment. But industry sources say it may take a
while to decide this issue, as it calls for a lot of
understanding between the two entities.
The two companies have been sharing their
back-end facilities for a couple of years now.
After a technical glitch in INSAT 4B in 2010, Sun
Direct entered into a long-term agreement with
Reliance Digital to share the latter’s bandwidth
in MEASAT 3. “Beyond this, we do not know
anything between the two companies,” said an
executive at Reliance Digital. The executive says
there is no official information on this from the
top – not even a word on employees’ status.
“We do not know whether we would be offered a
choice to move to the new entity or to remain
with Reliance,” the person said.
http://www.thehindubusinessline.com/companies/reliance-digital-sun-direct-merger-may-take-a-while-to-happen/article5010299.ece/