Register here for a free copy of SATELLITE & CABLE TV Magazine, SMS & email Update

October 2017


Unconfirmed reports state that Mukesh Ambani's JIO is in talks to acquire a controlling stake in DEN Networks Ltd.

A press report states "The deal is most likely to go through and the valuation DEN is looking at is between ` 2,000 core & ` 2,200 Crore." Its current market cap is approx. ` 1,700 Crore.


With 10.5 million DAS subs, DEN is India's second largest MSO, with service extending to 400 towns across 13 states. It is a dominant player in Delhi & Uttar Pradesh. Its net debt is ` 134 crore.

JIO may buy the combined stake of the promoters & Goldman Sachs who together hold about 61.28%.


Last year, press reports said DEN was in talks with for a possible merger with Siti Cable, but the deal did not go through.


Reliance Jio Media already has an All India DAS MSO license and the buyout will catapult its efforts in the Cable TV market.

In 2015, Reliance Industries hired K Jayaraman, CEO of Hathway Cable & Datacom, and SN Sharma, then CEO of DEN Networks, to build its cable business.

While Jayraman continues to be with Reliance Jio, Sharma moved back to DEN Networks as CEO last year.

Sharma should prove to be a valuable link in the negotiations between JIO and DEN.

Expectations are high that the JIO-DEN deal will close in a month or so. We will keep our readers informed. n