any update on this. How far the below news is true???
quote from a leading newspaper
"Television and fridge maker Videocon Industries, with interests in oil and energy, is planning to sell its direct-to-home (DTH) business Videocon d2h to one of its rivals, a person with direct knowledge of the development said, signalling a consolidation among six DTH operators. “The idea is to build scale with solid subscribers, but with a lower stake,” the person said.
Videocon d2h, the last to enter this business in July 2009, competes with Dish TV, the market leader with most subscribers, Tata Sky, a joint venture between Tata Group and Rupert Murdoch’s Sky, Airtel Digital TV, owned by Bharti Airtel and Reliance Digital TV, owned by the Anil Ambani-led group. Sun Direct is the sixth operator, primarily focused in southern India.
Videocon will begin talks with rivals independently after it partners with a foreign operator. “Videocon is in talks with one of the largest DTH operator in the US to form a joint venture,” the same person said. He did not reveal the name of the partner.
Consultants say a merger will have its challenges.
“If any merger happens, two things have to be taken into account — there should be minimal overlap in the customer footprint and synergies in the DTH positioning should be taken care of,” said Jehil Thakkar, head (media and entertainment), KPMG India. “For instance, if Tata Sky, which is considered a premium operator, merges with a middle-to-low-end player like Videocon d2h, the new entity would have a complete spectrum of customers and services.”