India approves Dish TV, Videocon D2H merger
December 18, 2017
By Chris Forrester
India’s Ministry of Information & Broadcasting has approved the proposed merger between two of the country’s major DTH broadcasters.
Official approval was given on December 15th for a scheme that was first mooted back in November 2016. The combined businesses will have more than 29 million subscribers according to their September 30th data.
Dish TV India CMD Jawahar Goel, in a statement, said, “It has been a long journey since the announcement of the agreement between the two companies a year back. We would like to thank the Ministry of Information and Broadcasting, the National Company Law Tribunal, the Competition Commission of India, the Securities and Exchange Board of India, the Stock Exchanges and all other stakeholders for showing their trust in us. I would also like to express our gratitude to our shareholders for standing by us through the transaction and believing in us to take the combined entity to the next level going forward.”