Airtel to sell 20% stake in DTH arm for $350 million
Telecom operator Airtel will sell up to 20% stake in DTH arm Bharti Telemedia to private equity firm Warburg Pincus for about $350 million, the companies said in a joint statement. MD of Warburg Pincus India Viraj Sawhney will join Bharti Telemedia's board as part of the deal. Bharti Telemedia had nearly 14 million subscribers at the end of September.