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The proposed merger between two of India’s giant DTH operators, Dish TV and Videocon d2h, has moved closer with confirmation that Videocon’s shareholders had approved the deal. Separately, it was reported that the merger had received approval from the Competition Commission of India.
Dish TV Videocon, the name of the new business, will see Dish shareholders holding 55 per cent of the new business, and the balance held by Videocon’s shareholders.
Combined, the pair will control one of the largest DTH pay-TV systems on the planet, with around 27.6 million subscribers.