oth of which are loss-making units.\u00a0<\/a><\/p>\n\n\n\n\u201cAfter not being able to find a satisfactory resolution, the parties have mutually decided to terminate the discussions,\u201d Airtel stated.<\/p>\n\n\n\n
The merger was planned to take place through a share swap, which would have increased Airtel\u2019s non-mobile revenue share by leveraging business convergence.<\/p>\n\n\n\n
According to an earlier ET report, Bharti Airtel was expected to hold a majority stake of over 50% in the merged entity.<\/p>\n\n\n\n
Tata Play, originally known as Tata Sky, is India\u2019s largest DTH player and began as a joint venture with Rupert Murdoch\u2019s News Corp.<\/p>\n\n\n\n
The Walt Disney Company now owns the original News Corp stake, having acquired it through its 21st Century Fox acquisition six years ago.<\/p>\n\n\n\n
A Successful Merger Would Have Been the Second Major DTH Consolidation in India<\/strong><\/p>\n\n\n\nA successful merger would have been the second major DTH consolidation in India in about a decade, following the Dish TV-Videocon d2H merger in 2016.<\/p>\n\n\n\n
The deal would also have occurred around the same time as the Reliance Industries-Walt Disney merger, which created JioStar, India\u2019s largest media and entertainment company.<\/p>\n\n\n\n
Airtel Digital TV is a part of Bharti Telemedia Ltd, a wholly owned subsidiary of Bharti Airtel.<\/p>\n\n\n\n
The valuation of both DTH businesses\u2014Tata Play and Airtel Digital TV\u2014was reportedly in the range of Rs 6,000\u20137,000 crore, according to the ET report.<\/p>\n\n\n\n
Tata Sons, which is the holding entity of the Tata Group, owns 70% of Tata Play.<\/p>\n\n\n\n
In April 2024, Tata Sons bought out the 10% stake held by Temasek Holdings (a Singapore investment firm) for Rs 835 crore ($100 million).<\/p>\n\n\n\n
That transaction valued Tata Play at $1 billion, which marked a significant decline from its $3 billion pre-pandemic valuation.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bharti Airtel has ended merger talks with the Tata Group regarding the consolidation of their Direct-To-Home (DTH) businesses. The discussions, which began in February 2025, have been terminated mutually due to the parties being unable to reach a “satisfactory resolution.” Bharti Airtel Ends Merger Talks With the Tata Group The proposed merger aimed to combine […]<\/p>\n","protected":false},"author":25,"featured_media":1294592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[7170,744,4364,2817],"class_list":["post-1294579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-airtel-digital-tv","tag-dth","tag-merger","tag-tata-play"],"acf":[],"yoast_head":"\n
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<\/figure>\n\n\n\n