DTH

Dish TV-Videocon d2h lists GDRs on London stock exchange

https://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2018/04/15/dishtvvideocondishes.jpg?itok=3U4Mj11U

MUMBAI: When Dish TV-Videocon d2h Ltd announced their merger, a presentation to investors had stated that the merged entity would issue global depository receipts (GDRs) on the Luxembourg exchange. However, probably what it meant was the London stock exchange. Which is what happened last week.

The world’s second largest pay TV company in terms of subscribers announced on 13 April that 277,095,615 GDRs (each representing a fully paid equity share) have been listed and permitted to trade on the professional securities Market of the London Stock Exchange. These have an approximate value of $315 million while DishTV Videocon d2h has a market cap of $2.2 billion, based on the ordinary shares listed in India.

This followed the ingestion of Videocon d2h into Dish TV India on 22 March 2018. The former had American depository shares listed on Nasdaq; these stand delisted and have been exchanged for Dish TV’s GDRs.

Said Dish TV India chairman & managing director Jawahar Goel: "The amalgamation of Videocon d2h and Dish TV has put the new entity on the road to exceptional future growth and profitability. Having London Stock Exchange as a partner in that journey will make it much more rewarding. We now look forward to leading the DTH industry in India to the next level.”

Dish TV India group chief executive officer Anil Dua added: "We are extremely pleased to start trading on London Stock Exchange today and increase our visibility to international investors, following the successful completion of the merger between Videocon d2h and Dish TV. The merger and the eventual listing has been long awaited news for many. I wish to put on record here, our commitment to make the new entity reach unprecedented levels of growth and success in the coming years."

Latest Reads

https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/11/18/dth_2.jpg?itok=yDQpcU6a
Pay DTH subscriber base perks up a bit

BENGALURU: The latest DTH subscriber numbers released by Telecom Regulatory Authority of India (TRAI) must bring cheer to the private television direct to home (DTH) industry. TRAI recently published quarterly subscriber data as on 30 June 2020. According to the data, the number of pay DTH...

DTH DTH Operator
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/11/17/tata.jpg?itok=7lHKHdLS
Tata Sky brings CuriosityStream to India

NEW DELHI: Tata Sky has joined hands with factual streaming service CuriosityStream to bring thousands of hours of documentary films and series to viewers across India. Tata Sky subscribers will now have access to CuriosityStream’s content via Tata Sky Binge, which is available on the Tata Sky...

DTH DTH Operator
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/11/10/tv.jpg?itok=-2Lv4gHH
TRAI report shows healthy growth in DTH subscriber base in Q1 FY21

KOLKATA: Witnessing two consecutive quarters of growth, India’s DTH subscriber base grew by 3.2 lakh during the April-June quarter, as per the Indian Telecom Services Performance Indicators April-June 2020 by the Telecom Regulatory Authority of India (TRAI). The sector saw better, albeit marginal...

DTH DTH Operator
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/11/05/dish-tv.jpg?itok=ZYolMoFj
Dish TV posts weak Q2 results

Dish TV India has reported second-quarter fiscal 2021 unaudited consolidated subscription revenues of Rs.7,65.7 crore and operating revenues of Rs. 8,46.4 crore. The subscription revenue has seen a dip of 3.3 per cent year-on-year. In 2019, the subscription revenue stood at Rs 792 crore for the...

DTH DTH Services
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/11/02/tata.jpg?itok=ckcRa2if
Tata Sky Binge expands its content library, partners with SonyLIV

KOLKATA: Tata Sky’s OTT aggregator service, Tata Sky Binge, is partnering with SonyLIV to delight customers this festive season. The partnership will add 1000+ hours of exciting content to Tata Sky Binge including TV shows, movies and SonyLIV Originals like Scam 1992 – The Harshad Mehta story, JL50...

DTH DTH Operator
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/10/28/2.jpg?itok=RuA7fe_y
DTH operators go big on hybrid boxes this festive season

Leading direct-to-home (DTH) operators are endorsing their hybrid set-top boxes during the festive season. While it’s nothing new for them to piggyback on festivals to attract new subscribers, but this time rather than promoting discounted packages or value-added services.

DTH DTH Operator
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/28/tata.jpg?itok=2yGUfMZ4
Tata Sky introduces a new age feature Smart Guide

KOLKATA : Reinforcing its commitment towards building customer centric innovations, Tata Sky, India’s leading content distribution and Pay TV platform has introduced ‘Smart Guide’ –a new-age feature that enables each customer to discover and consume content on television in a smart way. The new...

DTH DTH Operator
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/22/tatasky.jpg?itok=nGun58vZ
Tata Sky Binge+ becomes available at lower price

KOLKATA: Keeping customer interests at the forefront, Tata Sky has further fine-tuned the pricing of its android TV-powered smart set top box, Tata Sky Binge+. Converging the strengths of DTH and the world of OTT content together on the television screens, this new age device will now be available...

DTH DTH Operator
https://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2020/09/17/dth.jpg?itok=1IBBnsqU
Active DTH subscribers reach 70.26 million, Tata Sky solidifies its lead

KOLKATA: The Telecom Regulatory Authority of India (TRAI) today released ‘The Indian Telecom Services Performance Indicators’ data for the January- March’20 quarter. Sustaining its growth pace for three quarters in a row, Tata Sky has solidified its lead yet again in the DTH and Pay TV category...

DTH DTH Operator

Sign up for our Newsletter

subscribe for latest stories

* indicates required