Bharti Airtel To Sell Stake In DTH Arm

[SUNIEL]

Bharti Airtel is planning to sell 25% stake in its DTHarm. The company is looking for valuation of$800 Mn for its DTH arm and wants to raise around$200 Mn.
The company has signed a NDA with around seven strategic and PE players for the stake sale, according to ET.
American DTH players like Comcast and Liberty Global are in talks with Bharti Airtel for buying stake.PE players like KKR, Providence, Bain Capital, GAAP are also in the fray.
Bharti Airtel launched ‘Airtel Digital TV’ service inOctober 2008 as the fifth operator providing Direct-to-Home (DTH) services in India. Currently offers a total of 324 channels including 15 HD channels and 6 interactive services.Bharti Airtel's DTH business has pan India operations with around 7.9 Mn customers. Listed firm -Dish TV has a subscriber base of close to 15 Mn subscribers.
Digital TV service contributes 3% of the total revenue of the company.
Another formidable player in the space, Tata Sky hasover 10 Mn subscribers and is looking for an IPO with a valuation expectation of around Rs 8,000 Cr. Videocon is also looking at listing its DTH arm.
Recently, Bharti Airtel raised $1Bn issuing 5.125%senior notes through its subsidiary Bharti Airtel International (Netherland) B.V

 

[M@zh@R]

Good Update

If the sold the 25% shares then more vibrant and up gradation in services will be experienced

 

[shawl_who]

which means some American channels cud be launched on Airtel.... :tup

 

[bprrkl]

no shawn bhai, our Indian Govt will put censor on the channels

 

[shawl_who]

no shawn bhai, our Indian Govt will put censor on the channels

Well, I only said some american channels.... no adult stuff will be allowed for sure....but may be, an american cartoon channel/sports or lifestyle channel cud come.

 

[SUNIEL]

which means some American channels cud be launched on Airtel.... :tup

Viacom is already inter in indian tv industry through its six channel.

 

[me_saket]

Good move

 

[tech_genie]

Good move by Airtel... it will help them to pump in some funds and even better technological expertise.

 

[arvindp]

Not sure whether new channels will be added but surely channels and packages will get costlier.

 

[bharatkumarchennai]

Oh Airtel too gonna sell its DTH

Earlier Videocon now Airtel

All DTH gonna fail because of cable digitalisation soon.

Very bad for DTH industry