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Videocon d2h & Reliance Digital finding ways to wriggle out of tough situations
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MUMBAI: DTH companies in India are facing a tough time. While Videocon is making several significant moves to reduce its heavy debt, Reliance Digital TV is reportedly in talks with a Malaysian company to sell the business.
Videocon is trying to repay its debt by selling some of its businesses such as Kenstar and merge its direct-to-home (DTH) division with Dish TV. But, if the Petrobras project takes off, it will be in a much more comfortable position, and it could look at exiting the project at a later stage, a Videocon lender who would accompany petroleum ministry’s delegation to Brazil told Financial Express.
On the other hand, Astro Malaysia is reportedly doing the due diligence of Anil Ambani's Reliance Digital TV, the DTH business of the listed Reliance Communications for working out a suitable valuation, a source told the Times of India. An RCom spokesperson, it was reported, has denied commenting on the story.
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MUMBAI: DTH companies in India are facing a tough time. While Videocon is making several significant moves to reduce its heavy debt, Reliance Digital TV is reportedly in talks with a Malaysian company to sell the business.
Videocon is trying to repay its debt by selling some of its businesses such as Kenstar and merge its direct-to-home (DTH) division with Dish TV. But, if the Petrobras project takes off, it will be in a much more comfortable position, and it could look at exiting the project at a later stage, a Videocon lender who would accompany petroleum ministry’s delegation to Brazil told Financial Express.
On the other hand, Astro Malaysia is reportedly doing the due diligence of Anil Ambani's Reliance Digital TV, the DTH business of the listed Reliance Communications for working out a suitable valuation, a source told the Times of India. An RCom spokesperson, it was reported, has denied commenting on the story.
rahul1117kumar
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Malaysia-based Astro, which has a 20% stake in Sun Direct, is in talks to buy out Anil Ambani’s direct-to-home (DTH) business housed under Reliance Communications.
Astro is in the process of valuing Reliance Digital TV, the DTH arm of Reliance Communications (RCom).
With RCom sitting on a mountain of debt, it is looking to sell its non-core assets including the DTH business.
Astro is carrying out due diligence of Reliance Digital TV. Valuation is being worked out by the two entities, the Times of India quoted a source as saying.
RCom, which has a total debt of close to Rs 45,000 crore, has got a seven-month reprieve from lenders to put its house in order. The company is planning to reduce its liabilities by 60% with the Aircel merger and the sale of tower assets to Brookfield. It is also looking to unload its DTH business to cut its debt.
Astro in talks to acquire Anil Ambani's Reliance Digital TV | TelevisionPost.com
Astro is in the process of valuing Reliance Digital TV, the DTH arm of Reliance Communications (RCom).
With RCom sitting on a mountain of debt, it is looking to sell its non-core assets including the DTH business.
Astro is carrying out due diligence of Reliance Digital TV. Valuation is being worked out by the two entities, the Times of India quoted a source as saying.
RCom, which has a total debt of close to Rs 45,000 crore, has got a seven-month reprieve from lenders to put its house in order. The company is planning to reduce its liabilities by 60% with the Aircel merger and the sale of tower assets to Brookfield. It is also looking to unload its DTH business to cut its debt.
Astro in talks to acquire Anil Ambani's Reliance Digital TV | TelevisionPost.com
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amarnathkvk
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So what will happen to astro share in sun direct?
Sun direct for south and Astro for west & north. 
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