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Airtel sells stake in DTH unit to Warburg Pincus for USD 350 million

2017-12-13 09:42:00| Telecompaper Headlines

(Telecompaper) Bharti Airtel announced that an affiliate of private equity firm Warburg Pincus will acquire a stake of up to 20 percent in Bharti Telemedia, the DTH arm of Airtel. The acquisition price reaches around USD 350 million. Of this, a 15 percent stake will be sold by Bharti Airtel and the balance by another Bharti entity which holds 5 percent. 

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Category:Telecommunications

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