Airtel-Tata merger on cards: Bharti Airtel in talks with Tata Group to combine DTH biz of Bharti Telemedia, Tata Play

Airtel-Tata merger: Bharti Airtel confirmed on Wednesday, February 26, that it is currently in discussions with the Tata Group to explore a deal to merge Tata Play’s direct-to-home (DTH) business with its subsidiary Bharti Telemedia Ltd. Sunil Mittal-led telecom operator announced in a regulatory filing to the stock exchanges today after certain reports indicated yesterday that the upcoming DTH deal would likely be through a merger swap.

“We wish to submit that Bharti Airtel Ltd 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 Ltd, a subsidiary of Airtel, in a structure acceptable to all parties. The above is at a discussion stage only,” said Bharti Airtel in a regulatory filing to the stock exchanges on Wednesday evening.