Bharti Airtel buys Warburg Pincus' 20% stake in DTH arm for Rs 3,126 crore

Airtel, which is locked in a fierce competition with Reliance Jio in the telecom space, aims to align the ownership of its consumer-facing businesses, with the Warburg Pincus transaction

Bharti Airtel on Wednesday initiated the first step to unlock the value ofits digital businesses by setting up a special committee of its boardof directors.

Airtel said the committee would evaluate various options for the re-organisation of businesses and shareholding structure of the company and its various subsidiaries to achieve the required flexibility and sharper focus on digital and non-telecom businesses. This, it said, would enable any unlocking of enhanced value for its stakeholders.

The company also announced the acquisition of Warburg Pincus’s 20 per cent stake in its direct-to-home (DTH) arm.

Airtel, which is locked in a fierce competition with Reliance Jio