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

[Sushubh]

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.

 

[SVK]

Wondering whats left to Sell as most (or many) customers may have migrated and employees left the company.