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ShivRaj
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RE: Dishtv & Videocon Merger Updates
CCI wants TRAI’s views on Dish TV-Videocon d2h merger
The Competition Commission of India (CCI) has sought the opinion of the Telecom Regulatory Authority of India (TRAI) on whether the merger of two big direct-to-home (DTH) companies Dish TV India and Videocon d2h would violate any anti-trust laws.
“CCI has reached out to us. We are still evaluating the case and haven’t reached a decision. We will respond to the request in a few days,” Mint quoted a TRAI official as saying.
According to the Competition Commission of India Act, 2002, the regulator can seek opinions of other authorities. CCI is expecting a reply within 60 days, the business daily reported.
“TRAI has been consulted for an opinion on where the players stand in the market,” a CCI official told the daily.
In November 2016, Dish TV and Videocon d2h announced that they would merge their assets and the new entity would be named as Dish TV Videocon.
When merged, Dish TV Videocon will become the second-largest DTH company in the world by subscribers, behind only DirecTV. Their subscriber market share in the DTH sector in India would be 45%.
Dish TV Videocon would also become a leading listed media company by sales. The combined revenue of Rs 59.2 billion in FY16 is higher than Zee Entertainment Enterprise Ltd’s (ZEEL) turnover of Rs 58.5 billion.
India has six private DTH operators including Dish TV, Tata Sky, Airtel Digital TV, Videocon d2h, Sun Direct and Reliance Digital TV. Pubcaster Doordarshan runs a subscription-free DTH platform called Freedish.
[CCI wants TRAI’s views on Dish TV-Videocon d2h merger | TelevisionPost.com] is good,have a look at it! CCI wants TRAI’s views on Dish TV-Videocon d2h merger | TelevisionPost.com
CCI wants TRAI’s views on Dish TV-Videocon d2h merger
The Competition Commission of India (CCI) has sought the opinion of the Telecom Regulatory Authority of India (TRAI) on whether the merger of two big direct-to-home (DTH) companies Dish TV India and Videocon d2h would violate any anti-trust laws.
“CCI has reached out to us. We are still evaluating the case and haven’t reached a decision. We will respond to the request in a few days,” Mint quoted a TRAI official as saying.
According to the Competition Commission of India Act, 2002, the regulator can seek opinions of other authorities. CCI is expecting a reply within 60 days, the business daily reported.
“TRAI has been consulted for an opinion on where the players stand in the market,” a CCI official told the daily.
In November 2016, Dish TV and Videocon d2h announced that they would merge their assets and the new entity would be named as Dish TV Videocon.
When merged, Dish TV Videocon will become the second-largest DTH company in the world by subscribers, behind only DirecTV. Their subscriber market share in the DTH sector in India would be 45%.
Dish TV Videocon would also become a leading listed media company by sales. The combined revenue of Rs 59.2 billion in FY16 is higher than Zee Entertainment Enterprise Ltd’s (ZEEL) turnover of Rs 58.5 billion.
India has six private DTH operators including Dish TV, Tata Sky, Airtel Digital TV, Videocon d2h, Sun Direct and Reliance Digital TV. Pubcaster Doordarshan runs a subscription-free DTH platform called Freedish.
[CCI wants TRAI’s views on Dish TV-Videocon d2h merger | TelevisionPost.com] is good,have a look at it! CCI wants TRAI’s views on Dish TV-Videocon d2h merger | TelevisionPost.com
rahul1117kumar
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RE: Dishtv & Videocon Merger Updates
Dish TV Videocon Ltd. may start operations in Sept '17
With no roadblocks apprehended and approvals going ahead, the new merged direct-to-home (DTH) behemoth may start operations in September 2017. As reported by
www.indiantelevision.com earlier, the new merged entity Dish TV Videocon Ltd. is set to create the single-largest DTH company in India.
The proposed transaction remained subject to approvals, including from the Securities and Exchange Board of India, the stock exchanges, shareholders and creditors of both companies, the Competition Commission of India, the High Court of Bombay and the Ministry of Information and Broadcasting. The proposed transaction was expected to close in the second half of 2017.
Dish TV CMD Jawahar Goel has told Express that September was the tentative date for starting joint operations. Although, he said, August was doable, but they were sure to begin operations around September. Sources in Videocon d2h have also confirmed the launch's anticipated timeline.
As reported by www.indiantelevision.com , CCI recently sought TRAI's views on the proposed merger of Dish TV and Videocon d2h and as to whether or not the deal, leading to formation of Dish TV Videocon Ltd., will violate anti-trust laws.
Dish TV, owned by Zee Entertainment (ZEEL) and the DTH arm of Videocon Industries had in November last year announced their merger. Dish TV, as per the proposed terms, will own 55 per cent in the new entity, according to Livemint. A TRAI official confirmed that CCI has sought its views on the subject.
Goel had said that “the arrangement of the scheme is merger and we never envisaged a buyout.” The Board of directors of the two giants had earlier approved a scheme of arrangement for the amalgamation of Vd2h into Dish TV and the execution of definitive agreements in relation to such amalgamation.
Pursuant to the Scheme, it was earlier reported, Dish TV Videocon shall issue 857.791 million shares as consideration for the scheme and the Vd2h shareholders shall be allotted 2.021 new shares of Dish TV Videocon for every one share held in Vd2h (subject to certain adjustments as set out in the Scheme), which would result in Dish TV shareholders owning 1,066.861 million existing shares or 55.4% of Dish TV Videocon, and Vd2h shareholders owning 857.791 million new shares or 44.6% of Dish TV Videocon.
The fully diluted share count of Dish TV at 1,066,863,665 shares, which will lead to 857,785,766 shares of Dish TV Videocon being issued to Vd2h shareholders. Exchange ratio rounded off to two decimal places. One Vd2h ADS represents four equity shares of Vd2h.
The proposed transaction was expected to create a leading cable and satellite distribution platform in India. Dish TV Videocon would serve 27.6 million net subscribers in India, as of September 30, 2016, on a pro-forma basis, out of a total of 175 million TV households in India highlighting significant room for growth. The combined entity would have revenue of Rs. 59,158 million and EBITDA of Rs. 18,262 million on a pro-forma basis for the fiscal year ended 31 March 2016 positioning it as a leading media company in India. The proposed transaction is expected to provide better synergies and growth opportunities and enable Dish TV Videocon to provide differentiated and superior service to all customers through deeper after-sales, distribution and technology capabilities, and also become a more effective partner for TV content providers in India.
Dish TV Videocon Ltd. may start operations in Sept '17 | Indian Television Dot Com
Dish TV Videocon Ltd. may start operations in Sept '17
With no roadblocks apprehended and approvals going ahead, the new merged direct-to-home (DTH) behemoth may start operations in September 2017. As reported by
www.indiantelevision.com earlier, the new merged entity Dish TV Videocon Ltd. is set to create the single-largest DTH company in India.
The proposed transaction remained subject to approvals, including from the Securities and Exchange Board of India, the stock exchanges, shareholders and creditors of both companies, the Competition Commission of India, the High Court of Bombay and the Ministry of Information and Broadcasting. The proposed transaction was expected to close in the second half of 2017.
Dish TV CMD Jawahar Goel has told Express that September was the tentative date for starting joint operations. Although, he said, August was doable, but they were sure to begin operations around September. Sources in Videocon d2h have also confirmed the launch's anticipated timeline.
As reported by www.indiantelevision.com , CCI recently sought TRAI's views on the proposed merger of Dish TV and Videocon d2h and as to whether or not the deal, leading to formation of Dish TV Videocon Ltd., will violate anti-trust laws.
Dish TV, owned by Zee Entertainment (ZEEL) and the DTH arm of Videocon Industries had in November last year announced their merger. Dish TV, as per the proposed terms, will own 55 per cent in the new entity, according to Livemint. A TRAI official confirmed that CCI has sought its views on the subject.
Goel had said that “the arrangement of the scheme is merger and we never envisaged a buyout.” The Board of directors of the two giants had earlier approved a scheme of arrangement for the amalgamation of Vd2h into Dish TV and the execution of definitive agreements in relation to such amalgamation.
Pursuant to the Scheme, it was earlier reported, Dish TV Videocon shall issue 857.791 million shares as consideration for the scheme and the Vd2h shareholders shall be allotted 2.021 new shares of Dish TV Videocon for every one share held in Vd2h (subject to certain adjustments as set out in the Scheme), which would result in Dish TV shareholders owning 1,066.861 million existing shares or 55.4% of Dish TV Videocon, and Vd2h shareholders owning 857.791 million new shares or 44.6% of Dish TV Videocon.
The fully diluted share count of Dish TV at 1,066,863,665 shares, which will lead to 857,785,766 shares of Dish TV Videocon being issued to Vd2h shareholders. Exchange ratio rounded off to two decimal places. One Vd2h ADS represents four equity shares of Vd2h.
The proposed transaction was expected to create a leading cable and satellite distribution platform in India. Dish TV Videocon would serve 27.6 million net subscribers in India, as of September 30, 2016, on a pro-forma basis, out of a total of 175 million TV households in India highlighting significant room for growth. The combined entity would have revenue of Rs. 59,158 million and EBITDA of Rs. 18,262 million on a pro-forma basis for the fiscal year ended 31 March 2016 positioning it as a leading media company in India. The proposed transaction is expected to provide better synergies and growth opportunities and enable Dish TV Videocon to provide differentiated and superior service to all customers through deeper after-sales, distribution and technology capabilities, and also become a more effective partner for TV content providers in India.
Dish TV Videocon Ltd. may start operations in Sept '17 | Indian Television Dot Com
Dish TV expects to complete merger with Videocon d2h by October.
Zee group direct-to-home (DTH) service arm Dish TV expects to complete the merger with Videocon Group’s DTH arm Videocon d2h by October this year after receiving necessary regulatory approvals.
The merged entity would have a subscriber base of 27.2 million, creating the largest DTH service provider in the industry.
“We have to receive approvals from regulatory bodies like the Competition Commission of India, National Company Law Tribunal and stock exchanges. The merger is expected to be completed by October this year after getting clearances,” Dish TV CEO Arun Kapoor told PTI.
Dish TV has an active subscriber base of 15.5 million, while that of Videocon d2h stands at around 12.2 million. The DTH industry has around 62 million active subscribers.
The merged entity will be renamed as Dish TV Videocon Ltd. The total revenue of Dish TV and Videocon d2h was Rs 5,915.8 crore on a pro-forma basis for the fiscal ended March 31, 2016.
At present, out of Dish TV’s 15.5 million subscriber base, around 35 per cent are from top 100 cities and the rest 65 per cent are from small towns and rural markets.
“We are expecting that 70 per cent of the new connections for the next two years would come from those living in small towns and rural markets,” he said adding that “it would be primarily because of implementation of Digital Addressable System (DAS) in Phase III and IV“.
Besides, Dish TV is expecting the Average Revenue Per User (ARPU) of the DTH industry to grow over two-fold in the next five years to Rs 450-500.
Dish TV expects to complete merger with Videocon d2h by Oct : The Hindu Business Line - Mobile edition
Zee group direct-to-home (DTH) service arm Dish TV expects to complete the merger with Videocon Group’s DTH arm Videocon d2h by October this year after receiving necessary regulatory approvals.
The merged entity would have a subscriber base of 27.2 million, creating the largest DTH service provider in the industry.
“We have to receive approvals from regulatory bodies like the Competition Commission of India, National Company Law Tribunal and stock exchanges. The merger is expected to be completed by October this year after getting clearances,” Dish TV CEO Arun Kapoor told PTI.
Dish TV has an active subscriber base of 15.5 million, while that of Videocon d2h stands at around 12.2 million. The DTH industry has around 62 million active subscribers.
The merged entity will be renamed as Dish TV Videocon Ltd. The total revenue of Dish TV and Videocon d2h was Rs 5,915.8 crore on a pro-forma basis for the fiscal ended March 31, 2016.
At present, out of Dish TV’s 15.5 million subscriber base, around 35 per cent are from top 100 cities and the rest 65 per cent are from small towns and rural markets.
“We are expecting that 70 per cent of the new connections for the next two years would come from those living in small towns and rural markets,” he said adding that “it would be primarily because of implementation of Digital Addressable System (DAS) in Phase III and IV“.
Besides, Dish TV is expecting the Average Revenue Per User (ARPU) of the DTH industry to grow over two-fold in the next five years to Rs 450-500.
Dish TV expects to complete merger with Videocon d2h by Oct : The Hindu Business Line - Mobile edition
Dinesh shinde
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RE: Dish TV expects to complete merger with Videocon d2h by October.
Will it happen in october
Will it happen in october
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