Shearman & Sterling acted as international counsel to Indian direct-to-home service providers Dish TV and Videocon d2h (Vd2h) on their merger to form a new entity, Dish TV Videocon Ltd.
Dish TV India Limited, together with its subsidiaries, provides direct to home and teleport services primarily in India.
Dish TV Videocon will have revenue of about 59.16 billion rupees ($879.11 million) and net subscribers of 27.6 million, becoming the biggest player in India’s fast-growing direct-to-home operator market.
The Shearman & Sterling team included partners George Karafotias (Picture) (London-Mergers & Acquisitions) and Apostolos Gkoutzinis (London-Capital Markets); counsel Pawel Szaja (London-Capital Markets); and associates Jonathan Handyside (London-Capital Markets) and Cecilia Ferreira (London-Mergers & Acquisitions).
Involved fees earner: George Karafotias – Shearman & Sterling; Apostolos Gkoutzinis – Shearman & Sterling; Pawel Szaja – Shearman & Sterling; Jonathan Handyside – Shearman & Sterling; Cecilia Ferreira – Shearman & Sterling;
Law Firms: Shearman & Sterling;
Clients: Dish TV India Limited;