The Tata and Bharti groups are finalising a merger between their direct-to-home (DTH) businesses, Tata Play and Airtel Digital TV, in a move aimed at consolidating their positions amid a shrinking pay-TV market.
According to reports, The merger, set to occur through a share swap, will see Airtel holding a majority stake of 52-55% in the combined entity, while Tata Play shareholders, including…
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