Competition Commission of India(CCI) Approves VIDEOCON D2H & Dish TV Merger
MUMBAI, May 9, 2017 /PRNewswire/ --
Videocon d2h has received the approval of Competition commission of India (CCI) for the proposed merger of Videocon d2h and Dish TV. The commission in its meeting dated 5th May has approved the merger under sub section (1) of section 31 of the act.
The new entity will be called Dish TV Videocon Limited as announced in November 2016. The merger will create a huge subscriber base of 27 Million households. The merged entity will have a 16 per cent share of the 145-million subscriber pay-TV (Cable and Satellite TV Households) market.
Mr. Saurabh Dhoot, Executive Chairman, Videocon d2h said, "We are happy to receive the approval from CCI within our estimated timelines. We look forward to the day when the merger will get fully completed after we get approvals from all concerned authorities."
Mr. Anil Khera Chief Executive Officer, Videocon d2h said, "With the approval of the CCI coming through, we are firmly on the path of becoming the world's largest single country DTH operator with 27.6 Mn subscribers. We look forward to the exciting times ahead"
Videocon d2h has prided itself in presenting its subscribers with a robust line-up of more than 650 channels and services, 62 HD Channels and a host of regional channels. It offers a wide range of active services like smart services including Smart English, Smart Games. The other active services include d2h Hollywood HD, d2h music, d2h spice, d2h cinema in both Standard Definition and HD, etc.
Note to Editors: About Videocon d2h
Videocon d2h is India's fastest growing DTH service provider which offers over 650 channels and services. Videocon d2h is launching HD Smart Connect Set top Box (Connected Set top box) which converts your existing normal TV into a Smart TV. The Connected set top box allows one to browse content from Facebook, Twitter, Daily Motion, video on demand sites, news sites, weather sites, etc through applications residing on STB. Powered by the MPEG-4 and DVB-S2 technology, Videocon d2h transforms your TV into a hub of entertainment and knowledge. It offers a wide range of active services including Smart English, Smart Games. The other active services include d2h Hollywood HD, d2h music, d2h spice, d2h cinema in both Standard Definition and HD, etc. It launched India's first 4K Ultra HD DTH channel service. Videocon d2h offers India's first Radio Frequency Remote Control. Videocon d2h also offers 62 "HD" channels and services. Videocon d2h was the first Indian media company to be listed on NASDAQ, USA.
SOURCE Videocon d2h