Television

Videocon acquires Thomson SA's TV tube business

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2016/03/02/Itv_3.jpg?itok=oGv2taF7

MUMBAI: Electronics and house hold appliance major Videocon International Ltd has acquired the French technology and media services giant Thomson SA's entire global colour tube manufacturing business, including units in China, Poland and Mexico.

The acquired unites have an aggregate capacity of around 19,000,000 units of Colour Picture Tubes along with 4000,000 pieces Colour Picture Tube Glass, per annum.

Fresh investments will be over $500 million, in one or more tranches. The Group plans to fund this by accessing domestic/ international debt/equity markets at an appropriate time/times on stand-alone basis, stated an official release.

These also include full-fledged R & D facilities at various places located in Europe, and China along with access to a large resource of the patents and IPRs relating to the most basic technologies in Colour Picture Tube segment. Except one facility in China, which has local Chinese Government as minority shareholder, all the business interests are 100 per cent owned by Thomson.

The related agreements are being executed today at New Delhi in the presence of finance minister P Chidambram and ambassador of France in India Dominique GIRARD.

Videocon has drawn out an ambitious plan to improve these facilities both qualitatively as well as quantitatively by adding latest developments like slim tube, plasma, LCD and other flat panel display lines into business interests to be acquired from Thomson. This is also in line with Videocon Group's long term strategic commitment to have a global sized vertically integrated display device business interest with backup of CPT Glass manufacturing of global size with geo-politically diversified low cost manufacturing base.

With this acquisition, along with its present interest of 17 million pieces per annum (being expanded up to 24 million pieces per annum) colour picture tube glass facility in India and with the business alliance with BPL and JCT for Colour Picture Tube manufacturing in India, having aggregate capacities of 5 million Colour Picture Tubes per annum, Videocon Group will emerge as one of the largest players in the world in the integrated activity of manufacturing Colour Picture Tubes with Colour Picture Tube Glass, the release adds.

Display Device in the user end hardware forms a very vital element of multimedia and entertainment business. Hence, to complement the strategy to concentrate on the multimedia and entertainment related businesses, Thomson S A, subject to certain conditions, has also agreed to buy a limited strategic equity interest in Videocon International Limited to the extent of Rs.800 million (Euro 15 million).

Thomson SA has also agreed, subject to applicable law, to subscribe to the equity up to Rs. 12 billion (Euro 225 million) in Videocon Industries Limited, Videocon Group's Oil & Gas Venture, at the price at which it placed the GDRs in International market - @ $10 per GDR - with one underlying share for each GDR. Videocon Industries Limited has 25 per cent interest in highly promising Ravva field. This asset by itself gives net cash flow of more than Rs. 4 billion ($90 million) a year.

Videocon Industries Ltd has also plans to expand its Oil and Gas interest in Sudan and Jordan and has initiated the process for furthering such interest. It also hopes to get good

success in NELP V for which it has already submitted bids.

After integration of the Colour Picture Tube business acquired from Thomson SA with its Indian business, the total turnover of the Videocon Group is expected to be Rs.175 billion ($ 4 billion) with more than Rs.87 billion ($ 2 billion) coming from global operations.

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/26/Rising-Rajasthan.jpg?itok=SlWdNYhD
News18 Network's Rising Rajasthan to be held in Jaipur

MUMBAI: Rising Rajasthan is being organized by News18 Network today at the Clarks Amer in Jaipur.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/26/kargi%3B_0.jpg?itok=QUnoYYjc
On the occasion of Kargil Vijay Diwas News18 India visits Kargil War Memorial

26th July is a very significant date for Indians and is engraved in golden letters as Kargil Vijay Diwas in the annals of Indian history. This year will be the 18th anniversary of the Kargil War. News18 India visits Kargil, where every year the Indian Army celebrates Kargil Vijay Diwas.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/26/ind.jpg?itok=yhUMhwC3
Sony sports channels to broadcast India’s cricket tour of Lanka

The Sony Pictures Sports Networks will broadcast India cricket team’s tour of Sri Lanka, which kicks off on 26 July 2017. The recent rebranding of sports channels has helped Sony Pictures Network India (SPNI) to devote Sony SIX, Sony SIX HD, Sony Ten 3 and Sony Ten 3HD for cricket coverage in...

Television TV Channels Sports
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/26/india-today.jpg?itok=WUZXG-GE
India Today magazine featured as 'Cover of the Day'

The society of publication designers, New York on www.spd.org selected India Today magazine’s latest issue cover 31 July 2017 on the China – Pakistan issue as ‘The Cover of the Day’. This puts the India Today magazine amongst the best in the world to be featured for brilliance in cover design.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/26/MTV.jpg?itok=_sBGCugK
MTV to air new reality show 'Dropout Pvt Ltd'

MUMBAI: MTV launched a new reality show MTV Dropout Pvt. Ltd, presented by Droom.in, powered by Micromax and Maruti Suzuki and grooming partner Gillette which will see the birth of the world’s first ever start-up formed on television. Created by Monozygotic and co-developed by MTV and Monozygotic...

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/25/shruti.jpg?itok=QRu_q5yE
Shruti Anindita Varma appointed BAG Films' business & creative head

Veteran creative expert Shruti Anindita Varma has joined BAG Films & Media Ltd as the new business and creative head and will be responsible to drive its creative excellence, in-sync with the ongoing transformation of Media and Entertainment industry in Indian market.

Television TV Channels People
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/25/Punit-goneka-800x800%20%282%29.jpg?itok=KJDyzBsr
ZEEL reports steady Q1 FY2018 results

MUMBAI: It’s been a hectic first quarter of FY 2018 for homegrown media power house -- the Essel Group promoted Zee Entertainment Enterprises Ltd (Zeel). The company has gone ahead for some corporate restructuring and has also declared its Q1FY2018  financials which, if not impressive, at least...

Television TV Channels GECs
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/25/DD-800x800_1.jpg?itok=dnHWjk4Z
DD announces short film contest on Independence theme

NEW DELHI: Doordarshan has announced a Swatantra Bharat Short Films Contest to mark the 75th anniversary of Quit India Movement and 70th anniversary of India's Independence next month. The aim is to create awareness, education, encouragement and enlightenment about inspiring, real-life stories of...

Television TV Channels Terrestrial
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/07/25/NDTV-newsroom.jpg?itok=rwNsboTL
NDTV restructures biz & newsroom amidst reports of layoffs

NEW DELHI: Buffeted by allegations of tax evasion and money laundering, which are being contested in appeal tribunals, one of India’s first private sector TV news organization NDTV has said it is reorganizing newsroom set-up and resources available to adapt to changing technologies like MoJo or...

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories