Dish TV and Videocon d2h are set to formalise a long awaited merger to create India’s largest direct-to-home (DTH) TV platform.Closure of the deal is now reportedly targeted before the end of February, and Dish TV confirmed it has appointed two directors to the Videocon d2h board to help synchronise the businesses.
“Further, for the purpose of seamless integration of the businesses of Videocon D2H Ltd into and with Dish TV India Limited ... the Company is nominating two directors, namely Amitabh Kumar and Raj Kumar Gupta, on the board of Videocon d2h limited,” Essel Group-owned Dish TV said in a statement.
The amalgamation, first announced in November 2016, will create a media company valued at around US$2.4 billion serving a combined subscriber base of 29 million. It will be second in subscriber size only to the US-based DTH operator DirecTV.
The merger between Dish TV and its erstwhile rival received legal approval at the end of July 2017, followed by government approval in December 2017.
Dish TV shareholders will own 55.4% of the new entity, while Videocon d2h shareholders will hold the remaining stake of 44.6%.
The merged operation will be called Dish TV Videocon, and is expected to create the largest listed media company in India.
Dish TV currently lead’s India’s DTH market with a 24% share, followed by Tata Sky with a 23% market share. Videocon d2h has a 21% market share, according to end of June 2017 figures released by the Telecom Regulatory Authority of India.
“Further, for the purpose of seamless integration of the businesses of Videocon D2H Ltd into and with Dish TV India Limited ... the Company is nominating two directors, namely Amitabh Kumar and Raj Kumar Gupta, on the board of Videocon d2h limited,” Essel Group-owned Dish TV said in a statement.
The amalgamation, first announced in November 2016, will create a media company valued at around US$2.4 billion serving a combined subscriber base of 29 million. It will be second in subscriber size only to the US-based DTH operator DirecTV.
The merger between Dish TV and its erstwhile rival received legal approval at the end of July 2017, followed by government approval in December 2017.
Dish TV shareholders will own 55.4% of the new entity, while Videocon d2h shareholders will hold the remaining stake of 44.6%.
The merged operation will be called Dish TV Videocon, and is expected to create the largest listed media company in India.
Dish TV currently lead’s India’s DTH market with a 24% share, followed by Tata Sky with a 23% market share. Videocon d2h has a 21% market share, according to end of June 2017 figures released by the Telecom Regulatory Authority of India.

