[Jio Effect?] Dish TV to acquire Videocon D2H.

[Jio Effect?] Dish TV to acquire Videocon D2H.

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Score: 3 Votes: 3
Score: 3 Votes: 3
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Dish TV to acquire Videocon D2H.

Dish TV to issue 85.78 cr shares to Videocon D2H shareholders.

Current promoters of Dish TV to continue as promoters of Dish TV Videocon.

Videocon D2H Chairman: Combined entity to have 45% ownership of Videocon D2H.

Videocon D2H Chairman: Combined entity will have senior managers of both Videocon D2H & Dish TV.

Videocon D2H Chairman: Aim of the deal is to increase subscribers, increasing market share.

Videocon D2H Chairman: Company’s ownership will be represented by 55% of Dish TV shareholders.

Videocon D2H Chairman: Do not expect acquisition to create dominant position in market at present.

Videocon D2H Chairman: Deal will also be value accretive for customers of the combined entity.

Videocon D2H Chairman: Combined entity to have market share of ~20% making company one of the leading players.

Videocon D2H Chairman: Expect deal to be completed by H2, 2017.


Source: ETNOW twitter

https://twitter.com/ETNOWlive/status/7970238068...


Dish TV, Videocon D2H to merge as single DTH company


MUMBAI: Ending months of speculations, India’s largest direct-to-home (DTH) player, Dish TV Videocon d2h (Vd2h) have decided to merge operations to form the single largest pay TV operator with 27.6 million net subscribers.

The Board of Directors of the two companies approved a scheme of arrangement for amalgamation on Friday.

Post completion, the merged entity will be renamed as Dish TV Videocon Limited. Current Dish TV MD Jawahar Goel will head the new company as chairman and managing director.

“Pursuant to the Scheme, Dish TV Videocon shall issue 857.791 million shares as consideration for the Scheme and the Vd2h shareholders shall be allotted 2.021 new shares of Dish TV Videocon for every one share held in Vd2h (subject to certain adjustments as set out in the Scheme),” Dish TV said in a statement.

Dish TV shareholders will own 55.4% of Dish TV Videocon, while remaining 44.6% shares will be owned by Vd2h shareholders.

Vd2h principals will have the right to nominate two directors on the Dish TV Videocon Board, one of whom will be be Vice Chairman and the other a Deputy Managing Director.

The combined entity would have revenue of Rs. 5,915.8 crore and EBITDA of Rs. 1,826.2 crore for the fiscal year ended March 31, 2016.

Goel said: “We are pleased to announce this combination at a time when the cable & satellite Industry in India is rapidly progressing on the path to digitisation."

Saurabh Dhoot, Executive Chairman of Vd2h said: “Today we are very excited about this strategic combination to create a solid platform with decisive and proven leadership at the front would lead Dish TV Videocon to create value for all stakeholders, our customers, employees, and our shareholders.”

At the close of the Proposed Transaction, the current promoters of Dish TV shall continue as promoters of Dish TV Videocon. The Dish TV principals are also in discussion with the Vd2h principals to purchase some of the Vd2h principals’ shares in Dish TV Videocon post the amalgamation, details of which are likely to be finalised soon.

Upon closing of the Proposed Transaction, Dish TV Videocon will continue to be listed on the National Stock Exchange of India and the BSE Limited in India and on the Luxembourg Stock Exchange in the form of GDRs.

In the Scheme, holders of Vd2h ADRs will receive their new shares in the form of GDRs, unless they elect to receive and hold new shares directly.

The Proposed Transaction remains subject to approvals, including from the Securities and Exchange Board of India, the stock exchanges, shareholders and creditors of both companies, the Competition Commission of India, the High Court of Bombay and the Ministry of Information and Broadcasting. The Proposed Transaction is expected to close in the second half of 2017.

Morgan Stanley is acting as exclusive financial advisor to Dish TV and YES Securities Limited is acting as lead financial advisor to Vd2h.

The other advisors involved in the transaction are EY, SR Batliboi & Co. LLP, Luthra & Luthra Law Offices for Dish TV, and KPMG, Shardul Amarchand Mangaldas & Co., and Edelweiss Capital for Vd2h. Shearman & Sterling is acting as international legal advisor to both Dish TV and Vd2h in respect of the, US federal securities law and related aspects of the Proposed Transaction.

Source: http://economictimes.indiatimes.com/industry/me...

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Deal Subedar
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Matlab har jagah Jio walo ka hi effect hota hai kya ??

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What dish TV or Videocon d2h have to do with Jio? Jio Tv can never take place of these roll

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Reliance Jio to Launch 4K Set Top Boxes Based on Android in India: 5 Things to Know

http://www.gizbot.com/home-entertainment/featur...


रिलायंस जियो ला रहा है एंड्रायड आधारित सेट टॉप बॉक्‍स

http://hindi.gizbot.com/miscellaneous/reliance-...

CC: @DealLooter0015 @karansaxena

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@parthponkiya8 wrote:

Reliance Jio to Launch 4K Set Top Boxes Based on Android in India: 5 Things to Know

http://www.gizbot.com/home-entertainment/featur...


रिलायंस जियो ला रहा है एंड्रायड आधारित सेट टॉप बॉक्‍स

http://hindi.gizbot.com/miscellaneous/reliance-...

CC: @DealLooter0015 @karansaxena


That’s what I am saying. Jio setup box can never take place of these duopolist companies.

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Deal Subedar
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Missing
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This deal talks started even before Jio started making rounds. Videocon wanted to hive off this business to reduce debt I believe. With some random news they come across, people want to deduce something else these days. In fact some of the lesser known main stream media are doing this too, so us common people trying to make conclusions is nothing big sad

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@ranjithsai01 wrote:

This deal talks started even before Jio started making rounds. Videocon wanted to hive off this business to reduce debt I believe. With some random news they come across, people want to deduce something else these days. In fact some of the lesser known main stream media are doing this too, so us common people trying to make conclusions is nothing big sad


Hello, sir. I have read many of your posts and thoughts in DD and I truly appreciate your knowledge. For first time I get a chance to interact with you directly.



Videocon wanted to hive off this business to reduce debt I believe. sad


Yes, it’s true.

Sources tell CNBC-TV18 it is likely to be a cash and share-swap deal and will be used to pay off lenders of debt-laden Videocon D2H, who have been skeptical over its ability to service the debt.

Source: http://www.moneycontrol.com/news/cnbc-tv18-comm...



With some random news they come across, people want to deduce something else these days. In fact some of the lesser known main stream media are doing this too, so us common people trying to make conclusions is nothing big sad


Disappointed, reading this, when it comes from a mature and intelligent person like you.

How can you say that people intentionally want to deduce something else? Can’t a person has its own and different thinking despite being it wrong or irrelevant?

I know its your view, I respect it, but can’t agree with it.



This deal talks started even before Jio started making rounds.


Are you sure? Can you give me a link or source which talks about this deal, dated before July 2016? or even 2015? Because I can give you links to exact opposite of what you are talking.

Or if you got some information from inside sources or from Dish Tv or Videocon office, months before came in news,(like happened with me earlier here ) then please forgive me. I don’t have any inside source nor any relation with above mentioned offices or staff. toungueout

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@parthponkiya8

I was talking in general terms about people deducing and linking everything as a JIO effect. Just like you don’t agree with me I too don’t have to agree (have no qualms about it) with everyone making deductions is all what I meant. I don’t stop anyone from making/giving opinions and I have told about it in many of my posts because it is “none of my business”. Also it would be for everyone’s good that someone be corrected if they are wrong. Why do we have to let each other be what we are when we know something has to be criticized so that we correct it.

I am definitely not talking about the corporate level dealings. But how many of us knew JIO TV and its hype before they started out giving free unlimited internet? And how many of us now have stopped dish services with a not so clear JIO Tv services? I remember reading about it way back in June or July or even august (sorry not good with dates or finding the links like our great Spock) but I am sure they must have started these talks way before when the deal was to the extent of 1 Billion.

I agree JIO telecom services have disrupted the telecom industry to certain extent (but with their current service I don’t see them going anywhere) but they haven’t done even 10% to disrupt the dish tv services. By the way I am a common guy with common (aam) friends and if I was privy to such information would definitely have made good money in insider trading (would have no reason to be here on this website) smile toungueout wink

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@ranjithsai01

Love the way you lie. oops. reply. toungueout
You earned another fan. smile

OK. here are links:

1) News about Jio set top box

Date: January 6, 2014

Reliance JIO to offer 4G LIVE TV Service, Set Top Box Developed on Google’s Android Platform

2) News about d2h-dish tv merger.

Date: Jul 05, 2016

Dish TV in talks to buy Videocon DTH for nearly $1 bn: Srcs

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@parthponkiya8 wrote:

@ranjithsai01

Love the way you lie. oops. reply. toungueout
You earned another fan. smile

OK. here are links:

1) News about Jio set top box

Date: January 6, 2014

Reliance JIO to offer 4G LIVE TV Service, Set Top Box Developed on Google’s Android Platform

2) News about d2h-dish tv merger.

Date: Jul 05, 2016

Dish TV in talks to buy Videocon DTH for nearly $1 bn: Srcs


As I told JIO TV was a non-event when the deal was even conceived. A service would be considered as a threat only when people migrate to the new service from incumbent players. Some article which was written way back in 2014 which many wouldn’t even know (at least I didn’t know about JIO until the free unlimited started doing rounds) wouldn’t quality as a threat for such a deal to take place. If you want to prove that such trivial article caused the deal to happen, I rest my case. smile

Edit- Just now I realized that you are the OP of this thread:-} Didn’t mean to offend you but I still feel that JIO effect tag was unnecessary/irrelevant (at least from an experienced dimer like you). Cheers smile

Missing