Bharti Airtel confirm talks with Tata Group to merge their DTH segments

Bharti Airtel confirmed “bilateral discussions” with Tata Group for a possible merger of their direct-to-home (DTH) segments, Bharti Telemedia and Tata Play, on Wednesday.

“We wish to submit that Bharti Airtel and Tata Group are in bilateral discussions to explore a potential transaction to achieve a combination of Tata Group’s DTH business housed under Tata Play with Bharti Telemedia, a subsidiary of Airtel, in a structure acceptable to all parties,” Bharti Airtel said in a stock exchange filing.