DishTV and Videocon D2H have received approval for their merger from the Competition Commission of India. Separately, shareholders in NASDAQ-listed Videocon D2H also gave the green light for the deal according to this SEC filing. The merger deal is now pending approval from Indian courts is expected to receive final approval by second half of 2017. Once combined, DishTV will own a majority of 55% stake, while Videocon will have the remaining 45% in the combined entity, called Dish TV Videocon Limited. Jawahar Goel (current Dish TV MD) will be the Chairman and MD of the company. The entity will have a total subscriber base of more than 28 million, out of which Dish TV contributes a higher base of 15.3 million. Additionally, the merged entity claims to have a revenue base of Rs 5,915.8 crore and EBITDA margin of Rs 1,826.2 crore as per estimates for the fiscal year ended 31 March 2016. Dish TV currently claims a presence in more than 9,000 towns and Videocon D2H claims presence in more than 7,500 towns in India. Competition The DishTV and Videocon merger also come at a time when more telecom companies, who largely focus on cellular services, are now investing more into broadcasting and streaming. Airtel recently upgraded its DTH boxes with Android TV integration along with streaming packages from Netflix. At that time we pointed out that Airtel DTH will have an upper hand over its competitors since Airtel DTH users now have direct content access to Google Play apps, music, videos,…
- Medianama Daily: IT Ministry’s online gaming googly in Parliament February 9, 2023
- How much money was seized by the Indian state while investigating illegal loan apps? February 8, 2023
- Publishers Aren’t ‘Intermediaries’, IT Ministry Says: What Does This Mean for India’s Online Gaming Laws? February 8, 2023
- You can now use PhonePe UPI to pay in UAE, Singapore, Nepal and Bhutan February 8, 2023
- Wikipedia ‘Unblocked’ in Pakistan, PM Forms A Committee To Regulate ‘Objectionable’ Content February 8, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...