Tata Sky Places 10% With Temasek For Rs $55.5 Million; DTH Space May See Private Equity Action
By Sahad PV - Mon 08 Jan 2007 04:22 AM PST
The Direct-To-Home space is going to see increased private equity action. Tata Sky, the joint venture between the Tata group and Star India, has reportedly placed 10 per cent with Singapore’s Temasek Holdings. The value of the deal is believed to Rs 250 crore ($55.5 million), valueing Tata Sky at Rs 2,500 crore ($555 million). The Times of India also reports that Subhash Chandra’s Dish TV was in talks with Warburg Pincus, although the company has denied this.
DTH and Conditional Access System (CAS) are two technologies now making inroads into India’s living rooms. The DTH space currently has three major players with Tata Sky, DD Direct and Dish TV being active and the others like Sun TV venture and Reliance’s BlueMagic gearing up for launch, while CAS is provided by the existing cable service providers.
Posted in: DTH, Venture Capital
What is this ??
it’s more work for me, man. more work for me.