Dish TV, Asia Pacific’s largest direct-to-home company, has now become the world’s second-largest DTH operator post Videocon D2h’s merger with itself. US-based DirecTV is currently the world’s largest DTH player.
The company, which is part of the Essel Group, said that it has completed the merger of Videocon D2h into and with Dish TV India Ltd. The merger got effective on March 22, 2018, post completion of all the steps outlined in the scheme of arrangement for amalgamation.
Jawahar Goel, chairman and managing director, Dish TV India Ltd, said that the two companies have become one entity now.
The merger paves way for the creation of the largest listed media company in India taking into consideration the last reported full-year revenue and earnings before interest, taxes, depreciation and amortisation numbers of the two DTH players on a pro-forma basis.
Dish TV and Videocon D2h reported separate revenue and Ebitda numbers which at a pro-forma level added up to Rs.6,086.2 crore and Rs.1,990.9 crore for the last fiscal.
Besides, talking into account the subscriber base of Dish TV (16.1 million) and Videocon D2h (13.4 million), the merged entity is now the world’s second largest DTH operator with 29.5 million subscribers. Both brands will continue to be offered to new subscribers in the market post completion of this merger.