Merger of Reliance Digital TV DTH and Sun Direct DTH

[SVK]

http://www.afaqs.com/media/story/37996_R-Digital-close-to-selling-80-percent-stake-to-Sun-TV

Reliance Digital TV, the fully-owned subsidiary of Reliance Communications that runs its direct-to-home (DTH) operations, is close to selling over 80 per cent stake to Sun TV, controlled by Kalanithi Maran, in a deal valued at around Rs 2,500 crore.

Under the agreement, which is being prepared to be signed within a few days, Reliance will get a one-time cash payment in return for infrastructure and assets of Reliance DTH, while Sun TV will get full management control over the company. The due diligence for the deal has already been completed.

 

[mhsabir]

Well its like the consolidation of the bottom two private competitors.

 

[igloo]

I wonder how much cash these maran guys have.

 

[ajuravi007]

They are the no 1 channels across all the 4 states in south...

 

[SVK]

I wonder how much cash these maran guys have.

Exactly. They made some big purchases recently like Spicejet Airlines, IPL team, and now another DTH service.

 

[Jignesh]

End of Reliance Digital TV.
RCom to exit DTH after merging subsidiary with Sun Direct

http://www.business-standard.com/article/companies/rcom-to-exit-dth-after-merging-subsidiary-with-sun-direct-113081000058_1.html

 

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[gopichandpai]

Are the satellites in the same direction? If they are then they can add many channels

 

[Andro]

Are the satellites in the same direction? If they are then they can add many channels
Yes. Both DTHs using Measat 3 at 91.5°E.

 

[gopichandpai]

Great. I guess they will have the highest channels if management works on it properly.

 

[Sushubh]

Videocon kaha hai?