RCom sells DTH businessâ to Veecon Media
Anil Ambani-led Reliance Communications (RCom) has signed an agreement with Veecon Media to sell 100% equity in its DTH business, operating under Reliance BIG TV. Veecon will renew the existing DTH license of BIG TV after submitting the required bank guarantee with the Ministry of Information and Broadcasting. Approximately 500 employees in RCom's DTH business will be retained by Veecon.