Reliance Communications, Sun Group in talks to merge their DTH businesses

[Excalibur]

In less than six months after the digitization drive kicked in, two large players are in talks to consolidate their DTH businesses.

Reliance Digital TV and Sun DTH are in preliminary talks to merge their businesses into a single entity, sources with direct knowledge said.

People in the know shared that promoters of the ADA Group and the Sun Group met to discuss the deal.

The deal is still at a nascent stage and the valuations are yet to be finalized, but sources suggest that Sun Group is likely to own a majority stake in the merged company while Anil Ambani's Reliance CommunicationsBSE -2.13 % is likely to own less than 26% in the company.

Sun Group has denied any such deal talks. Reliance Communications has declined to offer comment on the development.

Source : Economic Times

 

[dipak]

if it happen then viewers get most benefit.

 

[SUNIEL]

Better if they share tp for free to air channels.

 

[anilsk01]

talk are going on from long time back

but no result happened

if deal goes well then customers of both dth will get benefit

by end of 2013 launch of measat 3b is also going to happen so more tp for both

 

[Karthik]

I am waiting for this from long back.

 

[Vadirocks]

@ Off Topic

Karthik Bro Check Your PM!

 

[me_saket]

it's is easy deal.

bcoz they are already sharing satellite.

and consumer will not needed to change any stb or reliagn antenna.

actually sun want to expand customer base of of south.

and rdtv is not able to run biz properly

 

[rhl_paul]

yes rdtv is running pathetically, would change it anytime, but only for my mom who has memorised the fav channels and watches tez for pawan sinha live i am not disconnecting it