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Licence will hold till term expiry of contract. Post which next move will happen.
After that, the license will be renewed. Tata owns TS as it has majority stake and management. They may even offer comcast to take some stake. We cant say what they will or wont do. TS is an established brand so the brand name plays an very important role.
So since the agreement of license use is between Tata and Sky, it may be renewed
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