Bharti Airtel Ltd in ‘bilateral discussions’ with Tata group to merge for DTH businesses

Bharti Airtel Ltd on Wednesday said it is engaged in “bilateral discussions’’ with the Tata group for a potential merger of their direct-to-home (DTH) businesses.

“Airtel and the 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 Ltd, with Bharti Telemedia Ltd, a subsidiary of Airtel, in a structure acceptable to all parties,’’ the telco said in a regulatory filing.