Airtel, Tata Group finish merger talks for DTH enterprise | This is why
Airtel was holding discussions with the salt-to-software conglomerate for a merger of Bharti Telemedia, which presents cable and satellite tv for pc tv companies, with Tata Play.
Bharti Airtel and Tata Group have referred to as off their merger talks for his or her direct-to-home (DTH) companies, Bharti Telemedia and Tata Play. The choice comes after each events had been unable to succeed in a mutually passable settlement, in accordance with a submitting with the Bombay Inventory Change (BSE) on Saturday.
‘Mutually determined to terminate the discussions’
“That is in reference to our intimation dated February 26, 2025, whereby the corporate knowledgeable that it’s in bilateral discussions with TATA Group to discover a possible mixture of TATA Group’s Direct To Dwelling (‘DTH’) enterprise housed underneath Tata Play Restricted with Bharti Telemedia Restricted, a subsidiary of the corporate,” it mentioned.
“On this regard, we want to inform you that after not with the ability to discover a passable decision, the events have mutually determined to terminate the discussions,” Airtel added.
On February 26, Bharti Airtel, led by Sunil Mittal, confirmed it was in discussions with the Tata Group to merge its struggling direct-to-home (DTH) arm, Bharti Telemedia, with Tata Play. The talks aimed to consolidate their cable and satellite tv for pc TV companies, as revealed in an earlier regulatory submitting.
“We want to submit that Bharti Airtel and Tata Group are in bilateral discussions to discover a possible transaction to attain a mix of Tata Group’s DTH enterprise housed underneath Tata Play Ltd, with Bharti Telemedia, a subsidiary of Airtel, in a construction acceptable to all events,” the regulatory submitting earlier this 12 months mentioned.
The particular particulars weren’t shared at that time. If accomplished, this could have been the second merger within the DTH sector after the Dish TV-Videocon d2h merger in 2016.
(With PTI inputs)
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