Airtel in talks with Tata Group for merger of DTH biz

BHARTI AIRTEL, country's second-largest telecom service provider, on Wednesday said it is in talks with the Tata Group to explore a deal to merge Tata Play's direct-to-home (DTH) business with its subsidiary Bharti Telemedia Ltd.

- RAKESH KUMAR @ New Delhi

"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," said the telco.