Video Fight Jio: Videocon D2H to merge with Dish TV, create new entity

swatkats

swatkats

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Dhoot brothers-owned Videocon will own 44.6% in the merged entity, while the billionaire Subhash Chandra’s Essel Group will have 55.4% stake
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Videocon d2h, the direct-to-home (DTH) television arm of Videocon Industries Ltd, and Zee Entertainment Enterprises Ltd-owned DTH platform Dish TV will merge to form the single largest pay TV operator with 27.6 million net subscribers.

The board of directors of both companies approved the merger on Friday and the new entity will be renamed Dish TV Videocon Ltd, Dish TV and Videocon d2h said in the statement.

“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,” the companies said.

At present, India has six private DTH firms—Dish TV India Ltd, Videocon d2h, Reliance BIG TV Ltd, Tata Sky Ltd, Sun Direct TV Pvt. Ltd and Bharti Telemedia Ltd.

Source: http://www.livemint.com/Companies/y...-to-merge-with-Dish-TV-create-new-entity.html
 
I wonder if Videocon dth quality will fall to Dish tv level quality. All these mergers only to save money. Videocon probably got fed up of paying transponder costs and got very little profit from their short lived business.
 
Why blame Jio for the short sightedness of other companies? Jio is on the right path of combining services into one. If the other company sold out in panic, it means that they were never meant to be in that business in the first place.
 
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