Tata Group, Airtel plan to merge their DTH businesses: Report

Tata Group and Bharti Airtel are finalising a merger of their DTH businesses, Tata Play and Airtel Digital TV, the ET reported. Both operations are reportedly being valued "more or less equally" at around ₹6,000-7,000 crore. Airtel is expected to hold 52-55% in the merged entity, while Tata Play shareholders, including Walt Disney, will hold 45-48%, the report said.