Shearman & Sterling acted as international counsel to Indian direct-to-home service providers Dish TV and Videocon d2h (Vd2h) on their merger to form a new entity, Dish TV Videocon Ltd.

Dish TV Videocon will have revenue of about 59.16 billion rupees ($879.11 million) and net subscribers of 27.6 million, becoming the biggest player in India's fast-growing direct-to-home operator market.

The Shearman & Sterling team included partners George Karafotias (London-Mergers & Acquisitions) and Apostolos Gkoutzinis (London-Capital Markets); counsel Pawel Szaja (London-Capital Markets); and associates Jonathan Handyside (London-Capital Markets) and Cecilia Ferreira (London-Mergers & Acquisitions).