Dish TV Rs 1,000 cr rights issue critical for business survival: Official

Dish TV’s Rs 1,000 crore rights issue is critical for the survival of the DTH company that needs funds to upgrade technology and replace old set-top boxes with the new-age smart connected boxes otherwise its subscriber base would shrink, a top company official said.

Dish TV is facing competition from the rapid growth of new distribution platforms like OTT and increased penetration of the free DTH platform of public broadcaster Doordarshan, and needs funds to upgrade and convert all its existing STB into smart boxes offering multiple services, the official, who wished not to be named, said.