Bharti selling part of DTH business?
March 8, 2013
By Chris Forrester
Bharti Airtel is selling part of its India DTH business according to local reports. The move, if confirmed, could be the first stage of a long-expected period of consolidation amongst India’s huge, but debt-laden, DTH businesses.
Singapore Telecom owns one-third of Bharti which is a India’s largest cellular operator.
Bharti Airtel is said to be contemplating selling a 25 per cent stake in its DTH television business. The division has more than 7.9 million DTH subscribers, and the division is said to be worth more than $1 billion.