NEW DELHI, March 7 (Reuters) - India's Bharti Airtel Ltd
is looking to sell up to a quarter of its satellite TV
services arm and is in talks with several potential suitors, two
sources with direct knowledge of the situation said.
Bharti Airtel, India's top telecommunications carrier, is
looking at a valuation of little over $1 billion for the unit
that had 7.9 million digital television customers as of
December, one of the sources said.
United States-based Liberty Global Inc and a
couple of private equity investors are among companies Bharti
Airtel is in talks with for a potential stake sale, said the
other source, declining to elaborate.
Both the sources declined to be named as the plan is not
public yet. Bharti and Liberty Global declined to comment.
Direct-to-home television broadcast services in India have
been gaining momentum due to growing spending power in Asia's
third-largest economy and also helped by a government move to
digitise the cable network.