India’s Dish and Videocon merge DTH assets
March 26, 2018
By Chris Forrester
India now has a giant DTH operator following the merger of Dish TV India and Videocon d2h. The merged business now has about 29 million DTH subscribers, and makes the combined company the second-largest DTH company in the world (after the overall DTH numbers of DirecTV).
Dish TV India CMD Jawahar Goel said: “We are extremely pleased to announce that [effective March 22nd] Videocon D2h Limited and Dish TV India Limited have become one entity. This amalgamation positions the new entity for exceptional future growth and profitability and puts on us the responsibility to lead the DTH industry in India to the next level.”
A meeting of the new board of directors of the company is scheduled to be held today, Monday March 26th, to consider and initiate necessary incidental actions in relation to the scheme of arrangement for the merger.
The combination was first publicised back in November 2016.