Airtel in talks with Tata Play for merger with Bharti Telemedia

Bharti Airtel on Wednesday confirmed that it is in talks with the Tata Group over a potential merger of Tata Play with Bharti Telemedia.

In an exchange filing, Airtel said, “We wish to submit that we are in talks to explore a potential transaction to achieve a combination of Tata Group’s direct-to-home (DTH) business, housed under Tata Play, with Bharti Telemedia, a subsidiary of Airtel, in a structure acceptable to all parties.”