Billionaire Sunil Mittal has started talks to merge the direct-to-home television business. Housed under Airtel Digital TV with Essel Group’s Dish TV, a media report said.
Citing two people with direct knowledge of the development. The Economic Times said that the talks are at an exploratory stage and that the idea behind the proposed merger is to consolidate operations and fight billionaire Mukesh Ambani-led Reliance Jio Infocomm Ltd.
If a deal goes through, the combined entity will have a 61% share in India’s DTH market, the report said.
Talk for a deal between Airtel DTH and Dish TV comes at a time when Jio has taken control of Hathway Cable & Datacom and DEN Networks. It is to expand its television and broadband operations.