According to the Business Standard, Reliance Digital TV, the fully-owned subsidiary of Reliance Communications that runs its direct-to-home (DTH) operations, will merge with Sun Direct. The deal is set to help RCom reduce debt, and for Sun to gain subscribers in new markets.Under the deal, to be announced in a few days, Reliance Communications (RCom) will have 26 percent stake in the merged entity, the report added. The merged company will also take over about Rs 1,500 crore of … [Read more...] about India’s RCom to exit DTH after merging subsidiary with Sun Direct