Dish denies M&A talks with Videocon d2h
July 6, 2016
By Chris Forrester
There’s talk again of consolidation within the Indian DTH pay-TV market.
The rumour-mill suggests that Videocon d2h is looking to sell out, and that market-leader Dish TV could be the acquirer – which it firmly denies and adding the usual “we do not comment on market speculation and rumour”.
But a well-researched report on India’s CNBC-TV18 business news channel suggests there’s some substance to this particular deal, and the report said that currently Videocon d2h is asking too much cash.
“This is because Videocon’s asking price is currently higher than what Dish TV has offered. Even the lenders have suggested that sale of Videocon d2h to Dish TV is likely,” the business news channel reported.
Dish TV claims some 14.5 million subscribers. Videocon d2h claims 11.86 and has grown rapidly over the past year or two. Videocon d2h is NASDAQ listed and backed by Harry Evans Sloan and Jeff Sagansky’s Silver Eagle Corp. Silver Eagle bought into Videocon d2h in January 2015.