DTH

Airtel TV valuation at $1.75 bn as Warburg Pincus picks up 20% stake

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/smartcrop_800x800/public/images/tv-images/2017/12/13/airtel.jpg?itok=uIf4gqN7

MUMBAI: Confidence in the TV distribution sector seems to be returning, the OTT euphoria notwithstanding. Bharti Airtel today announced that it has struck a deal with Warburg Pincus under which an affiliate of the global private equity firm will acquire a 20 per cent equity stake in its DTH arm which operates under Bharti Telemedia Ltd.

The cost of the acquisition: $350 million. 15 per cent of this will be offloaded by Bharti Airtel while the remaining five per cent will come from another affiliate of India’s largest telecom operator.

Bharti Telemedia has 14 million subscribers for its DTH service under the Airtel TV brand which places it among the top three players in India, after Dish TV-Videocon and Tata Sky. The other players in the satellite TV operating space are FTA service FreeDish – run by pubcaster Doordarshan and Sun Direct which is operated by south Indian media powerhouse Sun TV network.

In the year ending 31 March 2017, Airtel TV had average revenues per user per month of Rs 231 and it reported overall revenues of Rs 3430.6 crore for the period. In Q2 ended 30 September 2017, it turned out a top line of Rs 936.9 crore.

Bharti Airtel had roped in former Mondelez vet Sunil Taldar in December 2016 as CEO & director DTH and a member of the company’s board with a direct reporting line to the company’s MD & CEO-south Asia Gopal Vittal. He had then replaced Shashi Arora who had run the DTH unit for five years before being mandated to run its payments bank.

Airtel Digital TV has 1,500 partners all over India with 158,000 recharge points in 630 districts.

The acquisition price of $350 million values Airtel’s DTH arm at $1.75 billion, which is by no means something to sniff at in this sector. Dish TV-Videocon d2h had a valuation of $2.7 billion at the time of the merger announcement of the two operators a year and a half ago.

What attracted Warburg Pincus to invest in Airtel’s DTH business? Its India managing director and co-head Vishal Mahadevia explains, “The Indian digital TV market is expanding rapidly and we believe Airtel DTH is well positioned to capitalise on the incremental growth in digitisation in tier 3 and tier 4 towns and rural areas. We look forward to working with Sunil Bharti Mittal and Bharti group again after our successful partnership years ago and we look forward to supporting the management team in the next phase of the company’s growth.”

Latest Reads

http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/22/Airtel-Bharti%20Airtel.jpg?itok=qLvZqtId
Airtel to transfer 25% stake in DTH arm to Nettle

According to a BSE filing, Bharti Airtel will transfer its 25 per cent stake in DTH arm Bharti Telemedia to wholly owned subsidiary Nettle Infrastructure Investments.

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/19/gopal.jpg?itok=zJ83LH-Y
Airtel Digital TV revenue, PAT and EBITDA up in Q3 2018

MUMBAI: Bharti Airtel’s DTH arm Airtel Digital TV has seen a 10.4 per cent revenue growth in the quarter ending 31 December 2017 (Q3-2018) compared with Q3 2017 (y-o-y). Earnings before interest, taxes, depreciation and amortisation (EBITDA) grew by 22 per cent y-o-y in Q3 2018. Airtel DTH’s...

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/13/kalanithi-maran-%281%29.jpg?itok=aSSe1zix
Sun Direct adds Sun NXT free with DTH subscription

MUMBAI: Sun Direct is finding ways to hold on to its subscriber base amidst the hordes of consolidation and shutdowns happening in the industry. Strengthening its hold in the South, which forms the largest chunk of its territory, it has announced a free membership of its video-on-demand (VOD)...

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/12/dth.jpg?itok=EqUIq3BD
Dish TV re-evaluating Videocon d2h merger

MUMBAI: The Dish TV-Videocon d2h merger had reached the final stage with the Ministry of Information and Broadcasting (MIB) giving it the green signal. Then, suddenly on 22 December, Dish TV announced that the union would be delayed beyond 27 December 2017 citing technical reasons. Now those...

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/10/Tata_Sky-Irdeto.jpg?itok=Lb7nEOcq
Tata Sky partners Irdeto to secure content

MUMBAI: Tata Sky has signed a deal with Irdeto to ensure the safety of the DTH operator's content relayed to any device across its satellite and over-the-top (OTT) platforms. The company will be implementing Irdeto’s Cloaked CA and middleware technologies for better customer experience.

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2018/01/09/sun.jpg?itok=VhlgyqGe
Sun Direct may add 20 HD, 100 SD channels

Sun Direct, the DTH service from Sun Network, is likely to add 20 new high definition (HD) and 100 new standard definition (SD) channels and has been allocated 144 MHz of spectrum on the recently launched Measat-3B satellite.

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/30/tata-sky_0.jpg?itok=4XXIn0LI
The party continues on Tata Sky Mobile app

The Tata Sky Mobile App streamed every pulsating beat spinning out from the turntables of the EDM scene’s biggest stars to smartphones around the country, as the second day of the Ola Sunburn Festival 2017 turned the volume up on the year’s biggest party.

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/29/dth.jpg?itok=HBpsrx9Z
DTH subscriber growth down in second quarter

BENGALURU: The carriage industry and more specifically the direct to home or DTH industry had a disappointing fiscal year 2017 (FY-17, year ended 31 March 2017) in terms of subscriber growth. Going by the subscriber numbers data of the six private DTH players in India provided by the Telecom...

DTH DTH Operator
http://www.indiantelevision.com/sites/drupal7.indiantelevision.co.in/files/styles/340x340/public/images/tv-images/2017/12/27/tata-sky.jpg?itok=9cIwrdhe
Tata Sky ties up with Ola Sunburn Festival 2017 to bring the biggest EDM extravaganza to small screens

MUMBAI: Tata Sky, India’s leading content distribution platform, tied up with Ola Sunburn Festival 2017, one of the largest music festivals in the world, to bring its eclectic mix of music, entertainment, experiences, celebration and lifestyle straight to the small screens. Apart from live...

DTH DTH Services

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories