Reliance Digital TV DTH to be sold to Veecon Media and Television

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RCom to sell DTH unit Reliance BIG TV to Veecon Media - Livemint

Debt-laden Reliance Communications (RCom) on Monday said it will sell its direct-to-home (DTH) subsidiary, Reliance BIG TV, to Veecon Media and Television.

Veecon will “acquire the entire shareholding of Reliance BIG TV with business on ‘as-is where-is’ basis, along with all existing trade liabilities and contingent liabilities”, Reliance Communications (RCom) said in a statement.