India’s Tata Group and Bharti Group are near merging their satellite tv for pc TV companies, creating an almost $1.6 billion (roughly Rs. 13,918 crore) entity with the intention of tiding over the sustained migration of subscribers to digital streaming, Financial Instances reported on Tuesday.
The merged entity is predicted to be run by Bharti Airtel, which is able to probably maintain between 52 percent-55 % with the remaining held by Tata Play shareholders, together with Walt Disney, the report stated, citing sources.
Bharti Airtel, Tata Play and Disney didn’t instantly reply to Reuters requests for feedback.
Tata Play, a 70:30 enterprise between Tata Sons and Disney, and Airtel had a mixed 35 million paid subscribers as of final September, greater than half the 60 million subscribers industry-wide on the time, based on a authorities report.
The 2 companies are being roughly valued between 60 billion rupees ($690.76 million)-70 billion rupees ($805.89 million) every, with their income exceeding 70 billion rupees in fiscal 2024, ET reported.
The deal is the second main one within the sector since Dish TV merged with Videocon d2h in 2016 and follows the $8.5 billion (roughly Rs. 73,946 crore)-merger of Reliance Industries streaming media belongings with Disney’s Indian media belongings final 12 months.
Bharti Airtel shares have been final up 1.7 % on the day.
© Thomson Reuters 2025
(This story has not been edited by NDTV workers and is auto-generated from a syndicated feed.)
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