The merger made the new combined entity the largest DTH provider in India with 17.7 million active subscribers. The amalgamation was officially completed on 22 March 2018. In February 2018, Dish TV announced that it intended to go through with the merger. The merger was approved by the Competition Commission of India (CCI) on ,and by the National Company Law Tribunal on 27 July 2017.The merger faced uncertainty in January 2018, when Dish TV announced that it was re-evaluating the merger after some of the Videocon Group's lenders petitioned the National Company Law Tribunal to open insolvency proceedings against the company. As on 30 September 2016, the two companies combined would have 27.6 million subscribers out of the estimated 175 million Indian households that own a television.The deal is subject to regulatory approvals, which will take a minimum of 8 months. Dish TV will hold a 55.4% stake in the merged entity, while Videocon d2h will own the remaining shares. The merged entity will be called Dish TV Videocon Limited. The merger will create the largest DTH provider in India with a total valuation of ₹17,000 crore (US$2.4 billion). On 11 November 2016, the Board of Directors of Dish TV and Videocon d2h agreed to an all-stock merger of their DTH operations.
This decision and Dish TV's acquisition of more transponders enabled them to offer 150 channels on their service, more than any other DTH service in India at the time. So, we decided to go slow and concentrate in cable-dry and cable-frustrated markets, rather than cable-rich markets and build the market step by step." Dish TV acquired 350,000 subscribers within 2 years of the launch.įollowing bitter legal proceedings between STAR and Zee, in 2007, the two companies called a truce and began offering their channels on each other's services. Jawahar Goel, who led the launch, recalled 10 years later, "We hardly had four transponders and could offer only 48 channels, compared to analog cable that was giving 60 and was much cheaper. The company decided not to compete against entrenched cable operators in metros and urban areas, and instead focused on providing services to rural areas and regions not serviced by cable television.
On 22 March 2018, Dish TV completed a merger with Videocon d2h, creating the largest DTH provider in India.ĭishTV launched the first DTH service in India on 2 October 2003. Dish TV was also voted India's most trusted DTH brand according to the Brand Trust Report 2014, a study conducted by Trust Research Advisory. It was ranked # 437 and # 5 on the list of media companies in Fortune India 500 roster of India's largest corporations in 2011. It is a subsidiary of Zee Entertainment Enterprises. (stylised as dishtv) is a company providing Direct to Home (DTH) television service in India.