Bharti Airtel to buy back stake in DTH business from Warburg Pincus
Warburg Pincus has agreed to exit its stake in Bharti Telemedia, the direct-to-home (DTH) satellite television services arm of Indian telecom services provider Bharti Airtel, through a share buyback worth INR31.3 billion ($429.5 million) in cash and shares.
The private equity firm paid $350 million for a 20% interest in Bharti Telemedia – comprising a 15% stake held by Airtel and a 5% holding from another Bharti entity – in late 2017. It will receive...
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