Den Networks to demerge ‘Skynet Cable Network’

Den Networks has received an approval to demerge its broadband/internet service provider arm ‘Skynet Cable Network’. The board of the company in its meeting held on September 05, 2016 has considered and approved the demerger of the broadband business. The scheme would be subject to approval of the shareholders, who will meet on September 29, 2016.

Den Networks is India’s leading cable TV Distribution Company reaching an estimated 13 million households in over 200 cities. The company has been one of the frontrunners in the cable TV digitization process and has over 5.7 million digital cable subscribers. DEN is present in 13 key states across India.