Wednesday 17-August-2016, 12:06
Dish TV is in the final stages of acquiring Videocon D2H to create India’s largest direct-to-home (DTH) player with almost 45 percent market share.
Sources tell CNBC-TV18 it is likely to be a cash and share-swap deal and will be used to pay off lenders of debt-laden Videocon D2H, who have been skeptical over its ability to service the debt.
Videocon D2H is listed on Nasdaq via American Depository Receipts (ADR) and by the way of this acquisition Dish TV will also get listed on Nasdaq.
The deal size as well as valuation for Videocon D2H is anticipated to be lower than
USD one billion.
Both the companies have denied any deal talks.
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Wednesday 17-August-2016, 12:13
i heard that Tomorrow there is some party / meeting like that in Hyderabad and some annoucement might be made... Lets see what will happen.
Wednesday 17-August-2016, 12:59
I am very happy with this news. Will get so many FTA chs after this merger in Videocon d2h, may be get DD Free Dish channels as well and more HD channels. Now i own Dish TV (Videocon d2h), Tata Sky & Airtel Digital TV connections. Hurray!