Airtel-Tata merger: Bharti Airtel has confirmed that it is in talks with the Tata Group to explore a deal to merge Tata Play’s direct-to-home (DTH) business with its subsidiary Bharti Telemedia Ltd.
“We wish to submit that Bharti Airtel Limited (‘Airtel’) and TATA Group are in bilateral discussions to explore a potential transaction to achieve a combination of TATA Group’s Direct To Home (‘DTH’) business housed under Tata Play Limited, with Bharti Telemedia Limited, a subsidiary of Airtel, in a structure acceptable to all parties. The above is at a discussion stage only.”
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