Monday, 8 June 2015

DEN JV partners to form separate association

Indian MSO, DEN Network is on the verge of parting away from its joint venture partners in Phase III and IV of digitization by taking the direct distribution route from its existing joint venture partners across the country.
 In a meeting of DEN’s JV partners held in Delhi, they alleged that DEN indulges in different financial and other arrangements with partners all over the country.
The JV partners, who also formed the DEN India JV Partners Association, said that there was lack of transparency in the deals with the JV partners. While for some JVs the agreement was on a 50:50 basis, for others it was 51:49 or 60:40.
According to the spokesperson of the Association and Mumbai-based DEN Satellite Network JV partner, Ravi Singh, the comfort level with DEN was missing and the Association wanted DEN to deal with all partners on an equal footing.
DEN has a presence across the country in Delhi, Uttar Pradesh, Karnataka, Maharashtra, Gujarat, Rajasthan, Haryana, Kerala, West Bengal, Jharkhand, Bihar, Madhya Pradesh and Uttarakhand through multiple JV deals.


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