Singtel, Bharti Airtel 'looking to acquire majority stake in India's Dish TV'
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Claudia Chong
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Singapore
SINGTEL and its associate Bharti Airtel are set to make a joint offer for a 60 per cent stake in India's Dish TV for 61.5 billion rupees (S$1.21 billion), according to a report by media outlet CNBC that cited multiple sources.
The deal price will be 55 rupees per share to trigger an open offer, said CNBC. Dish TV is a direct-to-home satellite broadcast company; the acquisition is meant to give tough competition to Indian mobile network operator Reliance Jio Infocomm, reported the outlet.
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