Airtel may sell higher stake in DTH arm for funds to fight Jio

[Basil]

Presently what completed and how much sold and to whom should be clearly conveyed rather than how much gonna be sold in coming days.

25% already transfered to Nettle earlier.Airtel will transfer another 19% to Nettle as per exchange filing following which Nettle will have 44% in DTH arm.

A part of that stake will be utilized for the completion of the stake sale in Bharti Telemedia to the private equity firm, a Bharti Airtel spokesperson told BloombergQuint.

Bharti Airtel Transfers Another 19% Stake In DTH Arm To Nettle Infrastructure

 

[telugurocks]

May be to buy new Transponders..
We will get more channels in future.

 

[Basil]

May be to buy new Transponders..
We will get more channels in future.

:no:

Analysts believe Airtel might sell stake from valuable but non core businesss to fight against Jio.

But Warburg Pincus deal may make it India’s second largest DTH player by valuation, according to industry experts.