NCLT approves Dish TV and Videocon D2h merger
Shital Jibhe / 28 Jul 2017
Dish TV India informed on Thursday that the company has got approval for its merger with Videocon D2h from the National Company Law Tribunal (NCLT) for the creation of the country’s largest direct-to-home service provider.
Dish TV India informed on Thursday that the company has got approval for its merger with Videocon D2h from the National Company Law Tribunal (NCLT) for the creation of the country’s largest direct-to-home service provider.
After the merger, the new entity will be renamed as Dish TV Videocon. At present, Dish TV has an active subscriber base of around 15.5 million, while Videocon d2h has around 12.2 million. And, the DTH industry’s active subscriber stands at around 62 million.
After the merger, the new entity would have over 27.2 million of subscriber base, creating the largest DTH service provider in the industry.
The company is expecting the average revenue per user (ARPU) would rise to Rs 450-500 in the next five years from the current DTH industry average of Rs 150-160.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.