Reliance Big TV to Be Acquired by Pantel Technologies and Veecon Media; RBTV to Renew License and Continue Offering Services
Anil Ambani-led Reliance Communications Limited (RCom) has entered into a binding Share Purchase Agreement with Pantel Technologies Pvt Ltd and Veecon Media & Television Limited for sale of its subsidiary Reliance BIG TV Limited (RBTV), engaged in the business of Direct-to-Home (DTH) services across India. "Pursuant to this transaction, the buyers will acquire the entire shareholding of RBTV with business on an “as-is, where-is” basis," said RCom in a media... Read More
