Warburg Pincus will acquire a 20% equity stake in Bharti Telemedia, a subsidiary of Bharti Airtel that offers Direct To Home (DTH) satellite service under the Airtel TV brand, for US$350 million. The business unit has approximately 14 million subscribers according to financial filings.
Viraj Sawhney, Managing Director, Warburg Pincus India, is expected to join the Board of Bharti Telemedia.
