India’s Tata Group and Bharti Group are close to merging their satellite TV business, creating nearly US$1.6 billion (about Rs 139.118 crore) of entities, with the aim of reporting on Tuesday, Resolve the ongoing immigration of subscribers to digital streaming to digital streaming.
The combined entity will be operated by Bharti Airtel, which said the remaining shares, including Walt Disney, will account for 52% to 55%.
Bharti Airtel, Tata Play and Disney did not immediately respond to comments requested by Reuters.
Tata Play is a 70:30 adventure between Tata’s son and Disney, with Airtel’s paid subscribers totaling 35 million as of September last year, with more than 60 million at the time More than half of the subscribers.
The two businesses are worth about Rs 60 billion (US$696 million) to Rs 70 billion (US$805.89 million), with revenue exceeding Rs 70 billion in fiscal 2024.
The deal is the second major area since Dish TV merged with Videocon D2H in 2016 and follows $8.5 billion (approximately Rs 73,946 crore) – Reliance Industries’ popular media assets are linked to Disney’s Indian media assets.
Bharti Airtel shares lasted 1.7% on the day.
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