Shares of DTH operators in focus; Dish TV, Hathway Cable up over 3%

December 13
10:16 2017
Bharti Airtel, too, was up nearly 2% at Rs 534, as compared to a marginal 0.03% gain in the S&P BSE Sensex at 09:36 AM;

Of the 20% to be acquired by Warburg, 15% will be sold by Bharti Airtel and the balance by another Bharti entity which holds a 5% stake. The proceeds will be used to fund growth plans as the company looks to strengthen its hold in the country’s DTH market, which is in the midst of consolidation.

Vishal Mahadevia, Managing Director and Co-Head, Warburg Pincus India, said, “The Indian Digital TV market is expanding rapidly and we believe that Airtel DTH is well positioned to capitalize on incremental growth and new TV penetration in Tier 3 and Tier 4 towns and rural areas”.

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