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India is reportedly considering relaxing its rules on foreign media inward investment. India currently has a limit of 75 per cent foreign ownership in its DTH broadcasting businesses.
Local reports suggest that India’s government is considering relaxing the rules, and widening the scope to include cable MSOs.
In August, the important TRAI regulator recommended that the rules be relaxed, and proposed that inward investors could be automatically granted up to a 49 per cent stake, while the balance should be subject to an approval process.
The news prompted an instant rise in the share prices of most of the key DTH players in the sector including Dish TV, DEN Networks and their rivals.