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Dish TV added 0.25M subscribers in Q3FY18; Videocon d2h merger on track

Direct-to-home (DTH) operator Dish TV has added 0.25 million net subscribers during the quarter ended December 31, 2017 (Q3FY18), up 22% year-on-year (YoY). With this, the net subscriber base of the company stood at 16.1 million at the end of the quarter. Note that in Q4FY17, the company had said that demonetization had affected its subscriber addition rate. The company posted subscription revenues of Rs 691.8 crore for the quarter, which remained flat from Rs 692.1 crore subscription revenues registered in the corresponding quarter last year. The company explained that; A variety of factors, including a recovered but not fully up to speed rural sector, led to a flattish subscription revenue during the quarter. Videocon d2h and Dish TV merger On December 15, 2017, the Ministry of Information and Broadcasting approved the proposed merger of VIdeocon d2h with and into Dish TV. Speaking about the merger during the company's earnings call, Dish TV's chairman and MD Jawahar Goel said that they will file the relevant intimations and e-forms with the Register of Company in the last week of February 2018. He added that the company is fully aware of its "shareholders growing impatience with respect to the merger. We would like to assure them that work around the completion of the deal is going ahead with full steam now and should be completed soon." The companies had first announced the merger back in November 2016, and had said that they expect to complete it by the second half of 2017. As of…

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