Airtel to acquire 20% stake in Bharti Telemedia from Warburg Pincus

Bharti Airtel Ltd will acquire a 20% stake in its direct-to-home (DTH) subsidiary Bharti Telemedia Ltd from a Warburg Pincus entity for Rs3,126 crore, the Sunil Mittal company said in a statement on Wednesday.

In December 2017, Bharti group had agreed to sell 20% of its DTH unit, Bharti Telemedia to Warbug Pincus for ₹2,258 crore.

“A full control and ownership over Bharti Telemedia allows Airtel to offer differentiated and converged solutions to customers so as to promote ‘one home’ strategy,” Airtel said.