Reliance Communications, Sun Group in talks to merge their DTH businesses | DTH Forum with Fastest DTH Updates

Reliance Communications, Sun Group in talks to merge their DTH businesses
#1
Reliance Communications, Sun Group in talks to merge their DTH businesses

Reliance Digital TV and Sun 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 CommunicationsBSE -2.27 % is likely to own less than 26% in the company.

http://economictimes.indiatimes.com/news...985404.cms
[-] The following 2 users say Thank You to DTHGuide for this post:
  • Admin , sandy
#2
Good... Hope this deal finalizes soon and both the DTH customers get benefit of it.
#3
oh now again its back... it was supposed to happen long back itself, but at last moment it failed... now hope atleast it works out well and it will be good for both sun and reliance
[-] The following 1 user says Thank You to MJ786 for this post:
  • sriji
#4
after digitization this is good time for merge those two.
if they added they can provide 440 sd and 16 hd.
or
400 sd and 30 hd
#5
Any update on this development ?


Forum Jump:


Users browsing this thread: