Wednesday, December 13, 2017

Warburg Pincus buys 20% stake in Bhartin Telemedia

Warburg Pincus will acquire a 20% equity stake in Bharti Telemedia, a subsidiary of Bharti Airtel that offers Direct To Home (DTH) satellite service under the Airtel TV brand, for US$350 million. The business unit has approximately 14 million subscribers according to financial filings.

Viraj Sawhney, Managing Director, Warburg Pincus India, is expected to join the Board of Bharti Telemedia.

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