Bharti Airtel might buy a majority stake in Dish TV

The due diligence report was presented to Airtel on October 25 by accounting firm EY, which had been retained by the telecom operator to examine Dish TV’s financials.

Financial daily Mint reported on Thursday that telecom operator Bharti Airtel Ltd is in early talks to buy a majority interest in broadcast satellite service provider Dish TV India Ltd, citing people familiar with the situation.
Dish TV’s stock soared 4.8 percent in early trading to record a new high of 18.40.

Reuters reached out to Airtel and Dish TV for comment, but neither responded right away.

According to the newspaper, Airtel executives have discussed the merger with Subhash Chandra, the founder of Dish TV parent Essel Group.

The due diligence report was presented to Airtel on October 25, according to the Mint, by accounting firm EY, which was hired by the telecom operator to examine Dish TV’s financials.

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