Support Telecomtalk
Andrew Bonwick
Vice President of Product Development at Relm Insurance
Madhav Sheth
CEO of Ai+ Smartphone
Stephen Rose
CEO Render Networks
Just like the data tariff war triggered by the entry of Reliance Jio sent a wave of consolidation in the telecom industry, the new Trai tariff regime might have done something similar for the DTH industry. Previously, there were rumours of Airtel making an acquisition offer to Dish TV, but now it seems that there has been some substance found to these talks. The Indian telecom giant, Bharti Airtel along with Singtel will make a combined offer to acquire a majority stake of 60% in Dish TV for Rs 6,150 crore. It is worth noting that Singtel is the largest telecom company in Singapore and owns about half of Airtel’s holding company Bharti Telecom.
- Make Telecom Talk My Trusted Source
Consolidations Begin in the DTH Industry
For an open offer, the deal price will likely be Rs 55 per share. Bharti Airtel has already announced plans of raising a hefty amount by private equity, and it seems that Singtel will jump on the chance to buy stocks in the company which will be worth $525 million. The Indian telecom operator has already announced its plans of raising $4.6 billion through shares and bonds previously.
The report comes from CNBC-TV18 which sent questions to Dish TV. However, the DTH company returned no response. Similar was the case with Bharti Airtel and Singtel who did not respond to any queries on the matter. However, if this new move is to be considered as part of a consolidation wave in the DTH industry, then this deal would surely be not the first as Dish TV was the first company to acquire Videocon D2h.
