India’s Tata Group and Bharti Group Are Close to merging their satellite tv businesses, creating a nearly $ 1.6 billion (roughly Rs. Subscribers to digital streaming, economic time reported on tuesday.
The merged entity is expected to be run by Bharti airtelwhich will likely hold Between 52 Percent-55 Percent with the Remining Held by Tata Playhlders, Including Walt Disney, The report Said, CITING SOURECS.
Bharti Airtel, Tata Play and Disney Did Not Immedited to Reuters Reuters Requests for comments.
Tata Play, A 70:30 Venture Between Tata Sons and Disney, And Airtel Had a Combined 35 Million paid subscribers as of last Septemer, More than Half The 60 Million Subscribers INDUSTRAN According to a government report.
The Two Businesses Are Being Approximately Valued Between 60 Billion Rupees ($ 690.76 Million) -70 Billion Rupees ($ 805.89 Million) 2024, et Reported.
The deal is the second Major one in the sector since dish tv merged with videocon d2h in 2016 and follows the $ 8.5 billion (roughly Rs. Disney’s Indian Media Assets Last Year.
Bharti Airtel Shares was last up 1.7 percent on the day.
© Thomson Reuters 2025
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(Tagstotranslate) India Tata Play Airtel Digital TV Near Merger Tata Group (T) Bharti Airtel (T) Satellite TV (T) Disney
