This is the first major appointment after the departure of its former promoter-backed chairman Jawahar Lal Goel.
The company on September 19 said director Jawahar Lal Goel had tendered his resignation
Goel, whose proposal for reappointment as Managing Director was rejected by the shareholders in an extraordinary meeting (EGM) held in June this year, has not reapplied for continuation as Chairman.
Dish TV in a regulatory filing on Sunday said that its board in a meeting held on Sunday approved making requisite applications for seeking extension of time for convening the Annual General Meeting which is presently scheduled to be held on September 27.
Jawahar Goel, who is the brother of Essel Group promoter Subhash Chandra, now owns 30.37 percent shares in DTH entertainment service provider Dish TV
Discussing the merger in detail, Saurabh Dhoot, Executive Director, Videocon told CNBC-TV18 that Jawahar Goel, Managing Director, Dish TV would be leading the combined entity.
In an interview with CNBC-TV18, Jawahar Goel, Promotor and MD of Dish TV said the average revenue per user (ARPU) for high definition subscribers stood at Rs 384 and sees no inorganic growth plan at this point.
The Essel Group firm had posted a consolidated net loss of Rs 14.97 crore for the corresponding quarter last fiscal.
DTH service provider Dish TV surpassed street expectations on every parameter on Tuesday with the fourth quarter profit at Rs 35 crore against loss of Rs 149 crore in the year-ago period.
Dish TV India will strive to improve its average revenue per user to Rs 175 going ahead, says Jawahar Goel, MD, Dish TV.
Direct to home (DTH) television company Dish TV expects average revenue per user (ARPU) to harden once analog television networks get replaced with digital transmission from July 1, 2012.
Dish TV has announced its second quarter results. The company's Q2 net loss was at Rs 49 crore versus loss of Rs 45 crore, year-on-year, YoY.
In an interview to CNBC-TV18, Jawahar Goel, managing director of Dish TV said, the company plans to add three million subscribers in FY12.
The Tamil Nadu government imposed 30% entertainment tax on DTH operators. Jawahar Goel, managing director of Dish TV said that with the E-Tax imposed by the Tamil Nadu government, the revenues will be impacted a quarter percent more, he told CNBC-TV18 in an interview.
Dish TV has launched a new device called the ‘Dish Freedom‘.
DTH major Dish TV today launched its Conditional Access Module (CAM) device, which allows consumers with set-top boxes of other DTH service providers to switch to Dish TV's feed of television channels.
Direct-to-home (DTH) satellite TV service provider Dish TV India’s first quarter net loss narrowed 71% from a year ago to Rs 18.32 crore, on the back of strong growth in revenue and subscriber additions.
In an exclusive interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, Jawahar Goel, the Managing Director of Dish TV says that the budget expectations includes clarity and rationalisation of taxes in the media sector. He also expects a cut in the DTH license fee from 10% to 6%.