RCom To Merge DTH Business With Digicable Networks
by Irfan Khan
RCom may merge its DTH and IPTV business with Digicable Network Private Limited. The deal if goes through will be an all stock deal.
RCom will spinoff its DTH business into a seperate entity, which will be merged with Digicable. RCom will hold 60% stake in the merged entity while the balance 40% stake will be with the shareholders of Digicable.
With this deal, Digicable will get access to RCom's optical fibre network and in turn, Rcom will gain access to Digicable's wide customer base.
Oxigen Services, a payment solutions provider is looking to raise $200 Mn from private equity investors, strategic investors and development financial institutions and is expecting to close the deal of $50 Mn as part of the first tranche by the end of this year.