Warburg Pincus to pick up 20% in Airtel's DTH arm Bharti Telemedia

Global private equity firm Warburg Pincus will acquire up to a 20 per cent stake in Airtel’s DTH arm Bharti Telemedia for $350 million. This will be the second innings for Warburg to invest in a Bharti Group entity.
 
Bharti Telemedia is among the largest in the over 65-million direct-to-home (DTH) paid subscriber market in the country. With around 14 million subscribers, Airtel’s DTH service holds a 21 per cent market share, the latest data from the Telecom Regulatory Authority of India (Trai) suggests. Dish TV leads the market at 24 per cent, followed by TataSky at 23 per