Dish tv expects to merge with Videocon d2h by October

[Viacom123]

Zee group direct-to-home (DTH) service arm Dish TV expects to complete the merger with Videocon Group’s DTH arm Videocon d2h by October this year after receiving necessary regulatory approvals.
The merged entity would have a subscriber base of 27.2 million, creating the largest DTH service provider in the industry.
“We have to receive approvals from regulatory bodies like the Competition Commission of India, National Company Law Tribunal and stock exchanges. The merger is expected to be completed by October this year after getting clearances,” Dish TV CEO Arun Kapoor told PTI.
Dish TV has an active subscriber base of 15.5 million, while that of Videocon d2h stands at around 12.2 million. The DTH industry has around 62 million active subscribers.
The merged entity will be renamed as Dish TV Videocon Ltd. The total revenue of Dish TV and Videocon d2h was Rs 5,915.8 crore on a pro-forma basis for the fiscal ended March 31, 2016.
At present, out of Dish TV’s 15.5 million subscriber base, around 35 per cent are from top 100 cities and the rest 65 per cent are from small towns and rural markets.

Dish TV expects to complete merger with Videocon d2h by Oct : The Hindu Business Line - Mobile edition

 

[DashMajor]

So now it's October after September.

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[Music Fan]

Good extension

 

[scorpionking76]

Seems this exercise will go on till year end

 

[Technoglitch]

It is not a simple task to merge at a snap

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[Viacom123]

Dish TV gets SEBI nod, expects merger with Videocon d2h to complete by Oct

MUMBAI: Dish TV, India’s leading direct-to-home (DTH) company by subscribers, has got the approval of capital markets regulator SEBI for the proposed merger with Videocon d2h and is awaiting clearance from the Competition Commission of India (CCI).

“We have got SEBI’s approval for the proposed merger. We are yet to get the approval from CCI,” Dish TV CMD Jawahar Goel told TelevisionPost.com.

Dish TV expects the merger to complete by October this year. Besides CCI, Dish TV will also have to receive approvals from National Company Law Tribunal and stock exchanges. Applications were filed during the quarter ended 31 December 2016 with the CCI and the stock exchanges for obtaining their approvals.

The merged entity, to be named Dish TV Videocon, will create the largest DTH company in India.

Dish TV gets SEBI nod, expects merger with Videocon d2h to complete by Oct | TelevisionPost.com

 

[DashMajor]

SEBI should cross check again if have any doubt better late then later.

Otherwise everyone will be screwed if they unsatisfied after many years.

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[Deepak Kodela]

They will maintain both brands as it is. Better chance of faster channel additions than earlier. Nothing else in it for customers.

 

[Darshan jindal]

They will maintain both brands as it is. Better chance of faster channel additions than earlier. Nothing else in it for customers.

Yes bro it's good move..if both merger

 

[Viacom123]

looks like they will focus on 2 regions....Urban and Rural...If then who has more subscribers is Urban and rural?