Bharti Airtel to acquire a 20% stake in its DTH business from Warburg Pincus for $429m.

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.