Dish TV, Videocon merge to become global DTH giant | Major Businesses | Business | News | Rapid TV News
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The long-awaited merger of India’s Dish TV and Videocon d2h has completed, creating the second largest direct-to-home (DTH) operator in the world with a subscriber base of around 28 million.

The merger, first agreed by the two DTH companies in November 2016, had been stalled while awaiting approvals from the Ministry of Information and Broadcasting, NCLT and the Competition Commission of India. Essel Group-owned Dish TV also put the deal on hold earlier this year while it investigated reported insolvency proceedings against certain Videocon Group assets.

Dish TV India called today (22 March) ‘D-Day’ after it filed the required documents with the Registrar of Companies in Mumbai.

“Today, Videocon d2h Ltd and Dish TV India Ltd have become one entity,” said Dish TV India’s CMD Jawahar Goel. “This amalgamation positions the new entity for exceptional future growth and profitability and puts on us the responsibility to lead the DTH industry in India to the next level.”

Dish TV has an active subscriber base of 15.5 million, while Videocon d2h serves around 12.2 million. The merged pay-TV company will be second in subscriber size only to the US-based DTH operator DirecTV, which has around 37.6 million subscribers.

The merged company is expected to become the largest listed media company in India, based on the two firms’ last reported full-year revenue and EBITDA. For Dish TV this stood at INR60,862 million, while Videocon d2h reported INR19,909 million in FY2017.

A meeting of the board of directors of the new company, expected to be called Dish TV Videocon Limited, is scheduled for 26 March.