Update Reliance Digital and Sun Dirtect DTH in merger talks

[IndianMascot]

In less than six months after the digitization drive kicked in, two large players are in talks to consolidate their DTH businesses.

Reliance Digital TV and Sun Direct DTH are in preliminary talks to merge their businesses into a single entity, sources with direct knowledge said.

People in the know shared that promoters of the ADA Group and the Sun Group met to discuss the deal.

The deal is still at a nascent stage and the valuations are yet to be finalized, but sources suggest that Sun Group is likely to own a majority stake in the merged company while Anil Ambani's Reliance Communications is likely to own less than 26% in the company.

Sun Group has denied any such deal talks. Reliance Communications has declined to offer comment on the development.

Video Link : Reliance Digital and Sun DTH in merger talks: Sources | ETNow

 

[Technoglitch]

hope the news come true.

 

[IndianMascot]

Chances are high as both DTH is in dormant mode.

 

[Technoglitch]

even last year there were talks according to amit which was later dropped.

 

[IndianMascot]

Yeah. When I first read the news, I thought it might of last year itself but then after watching realised that these are new improvements.

 

[Technoglitch]

let the merger happens and it would be the biggest dth player then.

 

[Mazi]

that would be good for both parties

 

[Roy]

Sensational news for Indian DTH Sector..........

 

[IndianMascot]

They will become the largest player of India after this merger.

 

[IndianMascot]

Well Its no more a Merger. Reliance is planning to completely sell out its business to Sun Direct for 2000 crore.

Bad News for Reliance Digital Customer. Your DTH fate are in no one's hand.

Anil Ambani-owned Reliance Communications is in talks with South-based Sun Group to sell its DTH business for an estimated Rs 2,000 crore.

Reliance Communications is the second Indian telecom operator, which is facing tough competition due to the ongoing digitization move, to decide to exit from the DTH business.

Bharti Airtel, India’s #1 telecom operator, is in talks with Liberty Global and a couple of private equity firms to sell 25 percent stake in its direct-to-home (DTH) business. Both are trying to exit from satellite business due to financial issues.

Reliance Communications is trying to exit from DTH after running the business for 5 years. Reliance Communications launched satellite TV services on 19 August, 2008 and Reliance Digital TV now offers a Standard Definition, High Definition & High Definition-DVR STBs, along with largest channel bouquet.

The main aim of Reliance Communications is to reduce debt, estimated at Rs 37,000 crore.

[HIDE-REPLY-THANKS]

Wish to read further, -------

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