Announced
Financials
Tags
Cable Television
Minority
Friendly
Private Equity
Private
Pending
direct-to-home television
Single Bidder
Acquisition
Domestic
India
Synopsis
Bharti Airtel, an Indian multinational telecommunications services company, agreed to acquire a 20% stake in its direct-to-home television business from private equity firm Warburg Pincus for $429m. "Airtel was one of the earliest and most profitable investments for Warburg Pincus in India. We are delighted to be back as partners in Bharti Airtel through this transaction. We look forward to capitalising on the broad-based growth that the company is witnessing across its entire portfolio of businesses, including the digital build-outs," Vishal Mahadevia, Warburg Pincus Managing Director.
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