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AZB & Partners has advised Indian telecom operator Bharti Airtel on the acquisition of a 20 percent stake in its direct-to-home (DTH) television arm for $430 million from Lion Meadow Investment, an affiliate of U.S. private equity company Warburg Pincus.

In 2017, Lion Meadow had bought the stake in Airtel’s DTH arm for $350 million.

According to Reuters, Bharti Airtel’s core telecom business in India has come under pressure since Reliance Jio entered the space with cut-price tariffs, pushing players such as Airtel to focus on digital services.

The AZB team was led by partners Gautam Saha and Swati Chauhan.

 

To contact the editorial team, please email ALBEditor@thomsonreuters.com.

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