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Mergers & Acquisitions | 6 July 2012

Videocon To Exit DTH Biz

by Vivek Singh
Videocon To Exit DTH Biz
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Videocon Industries is planning to sell its direct-to-home (DTH) business and is in talk with one of its rival in the industry, according to FE.

Before the deal, Videocon will form a JV with a foreign operator and is in talk with a big DTH operator from US.

Last November, the company was planning to sell 25% stake for around $75-$100Mn to PE firms, but no further development happened.

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