Anil Ambani led Reliance Communication said in an investor’s release that it might look at selling its DTH business in order to clear off its mounting debt. It said that “the company is developing plans for further deleveraging and servicing of balance debt” which stood at Rs 45,000 crore at the end of FY17. Plans include: -sale of global and domestic data centre businesses -sale of DTH business unit -monetization of 49% upside in tower unit -monetization of Delhi property -monetization of 50% stake in Aircel RCOM’s DTH business, Reliance Digital TV currently claims to have 5 million subscribers in India. With competition in the telecom sector intensifying, plus mounting debt and falling subscriber base, it makes sense for RCOM to hive off it's DTH unit, since the segment is also seeing some pressure. Two of its competitors in the DTH segment—Dish TV, Videocon D2H—have announced a merger deal, which will create a combined user base of more than 28 million. While Bharti Airtel has been adding new Android features to its DTH boxes as well as signing strategic tie-ups with content providers. Jio, which had shaken the market with its freebies, is also reportedly looking to enter the DTH space. Apart from this, RCOM also operates managed hosting services under its subsidiary company named Reliance Globalcom. Reliance Globalcom rebranded as Global Cloud Exchange in 2014 and moved its headquarters from India to New York in the same year. It had called off a deal with Bahrain Telecommunication Company (Batelco) for around…
