Exclusive: Dish Home in Serious Financial Crisis, IPO Dream Signs Too, Looking for Merger Partner!
Kalopati
Kalopati
12 minutes ago
Kathmandu. Dish Media Network Limited, which is said to be preparing for an IPO, is in serious financial crisis. The company has been found to be on the verge of bankruptcy after it came to light that it could not pay even the normal amount to the vendor.
The company’s officials have also admitted that the company’s cash flow has deteriorated and due to this, the vendors have not been able to pay the vendors.TAG_OPEN_div_17 The executives claimed that the company is looking for a merger partner because it is no longer in a position to run the company independently.
Dish Home employees claim that the company has also withdrawn from the IPO preparations after being financially weak. They claimed that the company is preparing for a merger after the company went bankrupt.
‘The company is preparing for merger. Accordingly, we are also talking to some partners. A senior official of Dish Home told Kalopati, “The possibility of an IPO is almost over. The company has not been able to pay even a modest amount to the vendor. What can we talk about the loss of business?”
} For some time now, the number of Dish Home customers has decreased a lot, and those who have not recharged. With the launch of the D-Go app, the number of people watching TV from Dish Home has also decreased. Although the number of people recharging TVs is expected to increase during the World Cup, Dish Home admits that the number of people recharging the TV has not increased as expected. The company is now preparing to go for a merger after the number of new employees has become even negligible.
Similarly, Dish Home had also discussed the process of splitting Dish Media and forming a separate company with Dish Home’s Internet and merging it with another ISP, and going for IPO by keeping Dish Home in the existing company. But even after seeing that the Securities Board would not support it, the company went for a merger with another ISP. The company has also confirmed that it is in talks with some for a merger.
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