DTH

Videocon d2h plans Rs 700 crore IPO by Diwali

MUMBAI: It has been seeking to make a public offering over the past two years, but market conditions have forced it to delay it time and again. But with the new Modi government generating a bullish sentiment in both the economy and the stock markets, the Videocon group's direct to home operation Videocon d2h has finally decided to take the public listing route once again.

 

Videocon Industries chairman &MD Venugopal Dhoot told a couple of business news  channels late last week that the DTH operator’s IPO is planned for sometime during Diwali this year and it has filed a fresh prospectus  with the Securities Exchange Board of India (SEBI), as the earlier one has lapsed.

 

Dhoot pointed out to one of the business news channels that “Videocon d2h has been No1 in customer acquisition since it began. We have around 11 million subscribers today and we are wanting to take that up to 20 million. Hence we require some Rs 600 crore to Rs 700 crore which we will raise from the public to fuel expansion, growth and deliver value added services to consumers.”

 

His view is that around 15 per cent or so of Videocon d2h’s equity might be diluted to raise the funds, though the premium for public offering has not yet been decided. He, however, expects the d2h IPO to do well, as organic demand for DTH is only going to grow with the government mandated digitisation gathering pace, especially in rural areas. 

 

He emphasised that the DTH operator is on course to report a positive EBIDTA in Q1 2015, following planned losses over the past few years. “When you begin DTH you have losses in the beginning. But once you start generating positive EBIDTA, it continues,” he said.

 

Dhoot also spoke highly about the first mover advantage Videocon d2h has in announcing its 4K or ultra HD service for Indian customers which it hopes to launch by Diwali too. Tata Sky, too announced last week that it will roll out its 4K transmission by early 2015.

 

But Dhoot is confident about Videocon d2h’s success. Said he: “Our DTH quality has been very good, service is very prompt and people across India have liked it because our brand is very popular and at low cost we can distribute the same. In India and across the globe, DTH has been very successful and we are already getting a good response from the market for our IPO.”

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/27/Untitled-1_27.jpg?itok=DK13IYr0
Freedish to upgrade on 30 Sept; seek out STB makers shortly

The country’s only free-to-air direct-to-home platform, Doordarshan’s Freedish will not be available for five hours on 30 September 2016 ‘due to technical maintenance.’

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/24/Amitabh%20Bachchan.jpg?itok=9EE1x0S9
Big B jingalalas on Tata Sky

MUMBAI: After a successful run of 10 years in India, Tata Sky has rolled out its latest Family Jingalala campaign with its brand ambassador Amitabh Bachchan. Rolling out on 24 September, the campaign features Big B in seven unique avatars. Conceptualized by Ogilvy and Mather and directed by Shoojit...

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/23/Untitled-1_1.jpg?itok=UxlwMfrh
Tata Sky unveils new logo

Look now, it’s changed. In its tenth year, Tata Sky has adorned a new logo. For years, consumers were used to the swish of the dish in between the Tata and Sky. Now, the swish has gone and the Sky in the logo is exactly like that of the DTH operator’s UK partner, Sky TV. The lettering and font are...

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/20/Untitled-1_40.jpg?itok=gsf_rRIX
Auctions on 5 Oct for Freedish licence renewal

The conuntry’s only free-to-air direct-to-home platform Doordarshan Freedish is holding its 31st auction on 5 October. Despite having touched a bid amount of Rs 5.2 crore in the last auction on 15 September, the new auction will have the same reserve price of Rs 4.3 crore.

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/17/dthdishes800x8090.jpg?itok=nHvgxRDp
Reliance ADA group to hive off DTH operations

MUMBAI: The Anil Ambani-owned DTH service Reliance Digital TV which claims to have a five million net subscriber base and an estimated two million active connections is likely to be hived off in to a separate company. For the past three or four years, Reliance Communications, the parent company...

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/13/Dish_TV_Topper_TV.jpg?itok=XIlxQFym
DishTV adds 32 educational channels to its bouquet

MUMBAI: Providing better quality entertainment to its subscribers and offering value for their money is DishTV. The DTH brand has taken its total count to more than 585 channels and services. It has reportedly added 32 new educational channels launched by the Ministry of Human Resource Development.

DTH DTH Services
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/09/V%20D2H.jpg?itok=vThc1GWJ
Videocon-CSC to bring digital DTH services to every household

Digital is a great leveller of the rural/urban divide. Videocon d2h has announced its association with the CSC eGovernance Services India Limited for the launch of their CSC services. The Common Service Centre (CSC) scheme is a part of the Digital India (DI) initiative. The service was inaugurated...

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/07/Untitled-1.jpg?itok=z8k7VTPO
Pay TV-DTH gains: Airtel leads subs race as Jio could pose challenges

Last quarter (Q3-16, quarter ended 31 December 2015), we at www.indiantelevision.com had said: Contrary to expectations that the sunset date of 31 December 31, 2015 (Q3-16 in financial terms in India) would rake in good numbers for the DTH industry for Q3-15, results declared by three of the seven...

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2016/09/02/Untitled-1_15.jpg?itok=9tvqqq8O
Pakistan gets tough on Indian DTH & content

Politics and media make for strange bed fellows. More often than not one annoys the other. And a backlash follows even worse than a woman scorned. Take a look at what’s happening in Pakistan. And what’s happening in India.

DTH DTH Operator

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories