Tag Archives: Sun Direct

Sun Direct invests INR 750 mn to add 9 MEASAT transponders

Indian DTH service provider, Sun Direct, has signed an agreement with Malaysian communications satellite operator, MEASAT, to add over nine Ku-band transponders and to shift to the Measat-3b which will be launched in June; with an investment of INR 750 million (USD 12.78 million). This deal helps Sun Direct to expand channel-carriage capacity and to [...]

India’s Sun Direct raises INR 2.60 bn in FY’14

Indian DTH provider, Sun Direct, has reportedly raised INR 2.60 billion (USD 43 million) in the financial year 2014, through rights issue to fund its capital expenditure requirement. In September 2013, the company had raised INR 1.40 billion (USD 23 million) which is reported to be in line with shareholding pattern. The company is currently [...]

I&B Ministry directs 6 DTH players to pay INR 20 bn in licence fee

Indian Information and Broadcasting Ministry has issued demand notices to six DTH operators Tata Sky, Dish TV, Sun Direct, Airtel Digital TV, Reliance Digital TV and Videocon D2H to pay over INR 20 billion (USD 335 million) collectively as licence fee within 15 days; after seeking an opinion from the law ministry. The [...]