Liberty Global eyes Indian DTH business

Liberty Global is reportedly in talks to buy a stake in Indian telco Bharti Airtel’s DTH business. 

According to Indian business newspaper The Economic Times, Bharti Airtel is looking to sell a 25% stake of the business at a US$1.5 billion valuation for the unit.

Other companies reported to have expressed an interest in taking part of the business include US cable giant Comcast as well as private equity funds Temasek, Carlyle and ICICI Venture.

Bharti Airtel’s unlisted DTH business reportedly holds an 18% subscriber share of the domestic market, with the country’s digital TV market tipped to grow dramatically in the coming years.