Bharti Airtel, promoters of Dish TV, and private equity firm Warburg Pincus have agreed to merge direct-to-home (DTH) operations of Airtel and Dish after months of negotiations, a move that will create the world’s largest TV distribution company, the Economic Times reported that two people with direct knowledge of the development said.
The three parties are agreed on deal structure, wherein the DTH business of Dish TV India will be hived off and merged in Bharti Telemedia, which houses Airtel Digital TV, they said
They did not disclose likely financial details or shareholding pattern after the merger. “The final scheme of arrangement and other details are being worked on,” said one person.
Full Content: Economic Times
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