Dish TV shares plunged nearly 7 percent on Monday after falling about 23 percent so far this month.The stock has been hammered after Reliance Industries signed agreement to acquire controlling stake in Hathway Cable and Den Networks.

CNBC-TV18 spoke with Jawahar Goel, MD of Dish TV, to get his views on how the Reliance deal will impact the company's business going ahead.

"The deal between Jio-Den and Jio-Hathway is a welcome move for the sector because the MSO business is a B2B business and DTH is a B2C business. There are about 60 million households that have DTH and about 120-130 million in cable domain," Goel said.

"Going forward the consumption of television will continue to be split between DTH and MSOs. The company has a pan-India presence but are not into vertical households. For high rise buildings fibre-to-home is preferred option," he added.

He said the company has guided for 1.3 million net subscribers for FY19, which still holds good.

Disclosure:

RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.

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