Dish TV zooms on Android set-top box launch plan

Dish TV India is planning to launch android set top boxes. As a result, the shares rallied around 10 per cent intraday on Tuesday.

The company in next few weeks is set to launch android set top boxes as a response to the changing scenario in entertainment space. Besides, the company is also betting big on its over-the-top (OTT) platform for online streaming and hopes to stay afloat in the upcoming competition which poses a threat to the company to retain its premium segment customers.

Previously in the month of September, the Telecom Disputes Settlements and Appellate Tribunal (TDSAT) reportedly directed Dish TV to pay admitted dues to Star India by the end of November 2019 in installments.

Dish TV is India's largest Direct to Home television operator using MPEG 4 DVB S2 and MPEG 2 digital compression technology.

The shares of Dish TV on Tuesday opened at Rs. 20.75 against Monday’s close of Rs. 20.45. At closing hours it was trading at Rs. 21.45, gaining 4.89 per cent from its previous close. The stock hit an intraday high of Rs. 22.40 and intraday low was Rs. 20. Its 52-week high was Rs. 62 and 52-week low was Rs. 16.05 per share on the BSE.