- Post merger of HITS-Cable TV biz, IMCL’s FY17 net loss swells to Rs 206 crore
- RIL Surges 4% After Telecom Regulator Slashes Interconnect Charges
- Mumbai Rains: 34 domestic flights cancelled till 12 pm today, main runway remains shut
- Tata Sons buys big chunk of shares in group firms
- Swine flu: 42 positive case in Mohali
- HIV blood transfusion probe: High-level team gives clean chit to Regional Cancer Centre
- Flipkart, Amazon in Rs100 crore ad blitz
- Politicians may have helped Iqbal Kaskar net 100 crore in 3 years
- Mobile bills to go down as Trai cuts call termination charges to 6 p/min
CCI wants TRAI’s views on Dish TV-Videocon d2h merger
MUMBAI: The Competition Commission of India (CCI) has sought the opinion of the Telecom Regulatory Authority of India (TRAI) on whether the merger of two big direct-to-home (DTH) companies Dish TV India and Videocon d2h would violate any anti-trust laws.
“CCI has reached out to us. We are still evaluating the case and haven’t reached a decision. We will respond to the request in a few days,” Mint quoted a TRAI official as saying.
According to the Competition Commission of India Act, 2002, the regulator can seek opinions of other authorities. CCI is expecting a reply within 60 days, the business daily reported.
“TRAI has been consulted for an opinion on where the players stand in the market,” a CCI official told the daily.
In November 2016, Dish TV and Videocon d2h announced that they would merge their assets and the new entity would be named as Dish TV Videocon.
When merged, Dish TV Videocon will become the second-largest DTH company in the world by subscribers, behind only DirecTV. Their subscriber market share in the DTH sector in India would be 45%.
Dish TV Videocon would also become a leading listed media company by sales. The combined revenue of Rs 59.2 billion in FY16 is higher than Zee Entertainment Enterprise Ltd’s (ZEEL) turnover of Rs 58.5 billion.
India has six private DTH operators including Dish TV, Tata Sky, Airtel Digital TV, Videocon d2h, Sun Direct and Reliance Digital TV. Pubcaster Doordarshan runs a subscription-free DTH platform called Freedish.