Bharti Airtel and Tata Group have terminated discussions for a merger of their direct-to-home (DTH) business, according to a Bombay Stock Exchange (BSE) filing on Saturday.
In the BSE filing, Airtel said this was because the two sides were not able to find a satisfactory resolution.
"This is in reference to our intimation dated February 26, 2025, wherein the company informed that it is in bilateral discussions with TATA Group to explore a potential combination of TATA Group's Direct To Home ('DTH') business housed under Tata Play Limited with Bharti Telemedia Limited, a subsidiary of the company," it said.
"In this regard, we wish to inform you that after not being able to find a satisfactory resolution, the parties have mutually decided to terminate the discussions," Airtel added.
On February 26, Sunil Mittal-led telecom services provider Bharti Airtel had said it was in talks with Tata Group for a merger of its loss-making direct-to-home (DTH) business.
Airtel was holding ...