DTH updates Bharti Airtel sells 20% stake in DTH arm

[abhi1276]

NEW DELHI: Bharti Airtel said that Warburg Pincus, a global private equity firm focused on growth investing will acquire up to a 20% equity stake in Bharti Telemedia Limited, the DTH arm of Airtel, for around $350 million. Of this, 15% stake will be sold by Bharti Airtel and the balance by another Bharti entity which holds 5% stake, the telco said in a statement.

The Airtel board has approved the transaction, which is subject to regulatory approvals. As part of the transaction, Viraj Sawhney, Managing Director, Warburg Pincus India, will join the board of Bharti Telemedia Limited.

Upon closing of the transaction, Airtel will own an 80% equity stake in Bharti Telemedia Limited.
Bharti Airtel sells 20% stake in DTH arm to Warburg Pincus for $350 million - ET Telecom

 

[Jithin91]

So where's TS deal..?

 

[Digital Mastermind]

So where's TS deal..?

TS deal didnt go ahead as expected i guess, hence they now are going different way

 

[Jithin91]

TS deal didnt go ahead as expected i guess, hence they now are going different way

Hahha.. I told it at that time itself..
Nd we were busy here naming the new DTH

 

[Sai Jai]

Hahha.. I told it at that time itself..
Nd we were busy here naming the new DTH

Thank God :hands::hands:

 

[pallav099]

We look forward to working with Warburg Pincus towards achieving our vision of making Airtel TV India’s leading DTH platform," Gopal Vittal, MD & CEO (India & South Asia), Bharti Airtel said in a joint statement.
This is interesting.. let's hope same.. all the best

 

[Amit1079]

What is this Warburg company, now what it's doing

 

[pallav099]

What is this Warburg company, now what it's doing

Firm
At Warburg Pincus, private equity investing is our only business. Established over 50 years ago, Warburg Pincus has invested more than $60 billion in more than 800 companies in more than 40 countries around the world.

People
Years of private equity experience, deep industry knowledge, and unparalleled networks of resources enable our team to identify opportunities, attract outstanding entrepreneurs and business leaders, and ultimately partner effectively with entrepreneurs and management teams to grow successful businesses.

Sectors
Warburg Pincus professionals are organized into industry groups to capitalize upon their understanding of the industry’s products, services, technologies and market trends. This extensive industry knowledge, in a global and local context, establishes Warburg Pincus as a preferred partner for business executives and entrepreneurs.

Investments
The firm has more than $44 billion in private equity assets under management. Its active portfolio of more than 150 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value.

This is what they have to say about themselves

 

[Amit1079]

It's American private equity firm,invested in more than 780 companies, over 40 countries over the world

 

[pallav099]

It's American private equity firm,invested in more than 780 companies, over 40 countries over the world

It seems their basic motive is to just invest and earn profits. They have investment in many companies. It would just help Airtel to have some money to revive it's DTH sector and spend more on this sector.