Technology

Anil Ambani plans to hive off DTH and IPTV biz from RCom

MUMBAI: Anil Ambani is not only scouting for investors in Reliance Communications (RCom) but is also planning to restructure the company.


The direct-to-home (DTH) and IPTV businesses are likely to demerge from RCom which is in the process of diluting 26 per cent stake.
 
The DTH and IPTV businesses will likely move to a new company, Reliance Digital Works.


The plan is to get a clutch of investors including multi-system operators (MSOs) and foreign investors for funding the expansion plans. The market buzz is that the company will offer a 25 per cent stake to overseas investors and 10 per cent stake to MSOs. 
 
The DTH business operates under the brand Big TV, a subsidiary of Reliance Communications, and has about 2.3 million subscribers.


When contacted, Big TV CEO Sanjay Behl declined to comment on the issue.

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