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BRIEF-Reliance Communications signs MOU to sell its DTH business​
November 6, 2017 / 11:22 AM / 19 days ago

BRIEF-Reliance Communications signs MOU to sell its DTH business​

Nov 6 (Reuters) - Reliance Communications Ltd

* Says ‍enters into binding MOU to sell 100% equity in non core DTH business​

* Says MOU with Veecon Media And Television Limited, for sale of subsidiary Reliance Big Tv Limited (RBTV)‍​

* Veecom Media & Television Limited will take over all of Reliance Big TV’s trade and contingent liabilities

* Says 500 employees of Reliance Big TV limited will be retained by Veecom Media & Television Limited

Source text - bit.ly/2AkHOZr

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