Mukesh Ambani-owned Reliance Industries (RIL) is said to be in talks to acquire Sameer Manchandapromoted multi-system operator (MSO), DEN Networks, two highly placed sources with the direct knowledge of the development told ET.
“The deal is most likely to go through and the valuation DEN is looking at is between `2,000 core and `2,200 crore,“ one of the persons said. MSO is the industry term for a cable company , which signs content and carriage deals with broadcasters and offer the services to local cable operators.
Reliance Ind in talks to acquire DEN networks to push cable and home broadband ambitions - ET Telecom
“The deal is most likely to go through and the valuation DEN is looking at is between `2,000 core and `2,200 crore,“ one of the persons said. MSO is the industry term for a cable company , which signs content and carriage deals with broadcasters and offer the services to local cable operators.
Reliance Ind in talks to acquire DEN networks to push cable and home broadband ambitions - ET Telecom
