Airtel confirms ‘bilateral discussions’ with Tata Group for DTH merger

Bharti Airtel on Wednesday confirmed ongoing discussions with the Tata Group regarding a potential merger of their direct-to-home (DTH) businesses, following media reports speculating on the deal.

In an exchange filing, Airtel stated, “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.”