Dish TV

DishTV India Ltd.
Public
Traded as BSE: 532839
ISIN INE836F01026
Industry Satellite television
Founded 2 October 2003 (2003-10-02)
Headquarters Sector 16A, Film City, Noida, Uttar Pradesh, India[1]
Key people

Mr. Jawahar Goel (CMD)

Anil Dua (CEO)
Brands Dish TV
Zing Digital
Videocon D2H
Services Direct-broadcast satellite, pay television, pay-per-view
Revenue ₹20.28 billion (US$280 million)[2] (2012)
Parent Zee Entertainment Enterprises
Subsidiaries Zing Digital
Videocon d2h
Management Services Limited (ISMSL)
Agrani Convergence Limited (ACL)
Agrani Satellite Services Limited (ASSL)
Website www.dishtv.in

DishTV India Ltd. (stylised as dishtv) is India's Direct to Home (DTH) television operator using MPEG-4, DVB-S2 and MPEG-2 digital compression technology. It is a subsidiary of Zee Entertainment Enterprises. It was ranked # 437 and # 5 on the list of media companies in Fortune India 500 roster of India's largest corporations in 2011.[3][4] 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.[5][6] On 22 March 2018, Dish TV completed a merger with Videocon d2h, creating the largest DTH provider in India.

History

DishTV launched the first DTH service in India on 2 October 2003. 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. 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. And, STAR refused to give its channels. 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.[7]

Following 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. 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.[7]

Merger with Videocon d2h

On 11 November 2016, the Board of Directors of Dish TV and Videocon d2h agreed to an all-stock merger of their DTH operations. The merger will create the largest DTH provider in India with a total valuation of ₹17,000 crore (US$2.4 billion). The merged entity will be called Dish TV Videocon Limited. Dish TV will hold a 55.4% stake in the merged entity, while Videocon d2h will own the remaining shares. 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.[8][9][10] The deal is subject to regulatory approvals, which will take a minimum of 8 months.[11]

The merger was approved by the Competition Commission of India (CCI) on 10 May 2017,[12] and by the National Company Law Tribunal on 27 July 2017.[13][14] 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.[15] In February 2018, Dish TV announced that it intended to go through with the merger.[16]

The amalgamation was officially completed on 22 March 2018. The merger made the new combined entity the largest DTH provider in India with 17.7 million active subscribers. Dish TV and Videocon d2h reported separate revenue numbers in FY2017. The combined total revenue of the two firms was ₹8,077 crore (US$1.1 billion).[17]

Zing Digital

Zing Digital is a subsidiary of Dish TV India launched in January 2015 to provide access to South India's regional channel packs at an affordable cost. The service currently operates in Kerala, Tamil Nadu, Andhra Pradesh, Maharashtra, Telangana, West Bengal and Odisha state of India.It is the India's first stb which has packs with selected channels and cost. [18]

See also

References

  1. ↑ http://www.dishtv.in/Pages/ContactUs/Contact-Info.aspx
  2. ↑ FY 2011 Network 18
  3. ↑ "Buy Dish TV India, target Rs 85: Shrikant Chouhan". The Economic Times. 2017-12-22. Retrieved 2017-12-29.
  4. ↑ "Dish TV makes it to Fortune India 500, 4 biggies exit list". MxM India. Retrieved 1 August 2012.
  5. ↑ "Dish TV voted as India's Most trusted DTH Brand".
  6. ↑ "India's Most Trusted DTH Brands 2014". Trust Research Advisory. Archived from the original on 4 October 2014.
  7. 1 2 Gupta, Surajeet Das (2014-01-01). "10 years of DTH in India: The other electronics revolution". Business Standard India. Retrieved 2016-10-01.
  8. ↑ "Dish TV, Videocon d2h to merge". The Hindu. 11 November 2016. Retrieved 12 November 2016.
  9. ↑ "Videocon d2h to merge with Dish TV". Forbes India. Retrieved 12 November 2016.
  10. ↑ Editorial, Reuters. "Indian satellite TV operators Dish and Videocon d2h to merge". Reuters India. Retrieved 12 November 2016.
  11. ↑ "Will buy some shares from DTH promoters at later stage: Jawahar Goel, Dish TV". The Economic Times. Retrieved 12 November 2016.
  12. ↑ Ahluwalia, Harveen (10 May 2017). "Dish TV and Videocon d2h merger gets CCI approval". www.livemint.com/. Retrieved 18 November 2017.
  13. ↑ India, Press Trust of (27 July 2017). "NCLT approves Dish TV-Videocon D2h merger, to have subscriber base of 27 mn". Business Standard India. Retrieved 18 November 2017.
  14. ↑ "Govt. approves Dish TV merger with Videocond2h". The Hindu. Special Correspondent. 2017-12-16. ISSN 0971-751X. Retrieved 2017-12-29.
  15. ↑ Dhanjal, Swaraj Singh (12 January 2018). "Videocon-Dish TV merger may get affected by insolvency case against Videocon Industries". livemint.com/. Retrieved 11 April 2018.
  16. ↑ "Zee's Dish TV to go ahead with Videocon D2H merger". Hindu Business Line. Retrieved 11 April 2018.
  17. ↑ "Dish TV India, Videocon d2h merger completed". The Economic Times. 22 March 2018. Retrieved 11 April 2018.
  18. ↑ "Zing Digital". www.zingdigital.in. October 2015. Retrieved 2 October 2015.
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