The addressable TV advertising technology which was launched by Tata Play in 2023 enables advertisers to selectively segment TV audiences and serve different ads to different households, even if they are watching the same content.
'We wish to inform that after not being able to find a satisfactory resolution, the parties have mutually decided to terminate the discussions,"Airtel said in a statement
Tata Play and Airtel Digital TV accounted for more than 35 million paid subscribers as of September last year, representing more than half of India's 60 million DTH subscriber base, according to a government report.
The confirmation, which came through an exchange filing, a day after reports said Tata Play and Airtel Digital TV were heading towards a merger
In May 2018, Kedaara Capital and Partners Group acquired Vishal Mega Mart from TPG
Tata Group took full control of the TV platform after buying the 29.8% stake from Disney, said the people, who asked not to be identified as the information is private.
This deal takes the stake of Tata Group's holding company to 70 percent in the satellite TV provider, according to the report
The companies are in preliminary talks about an acquisition of Disney’s significant minority stake, which would value Tata Play at about $1 billion or more, the people said, asking not to be identified as the considerations are private.
Discussions are ongoing and there’s no certainty that Temasek and Tata Play will proceed with a deal, the people said. A Tata Group representative didn’t offer any immediate comment, while a Temasek spokesperson declined to comment.
Its revenue from operations slipped 5.1 per cent to Rs 4,499.19 crorefrom Rs 4,741.07 crore a year ago.from Rs 4,741.07 crore a year ago.
GSAT-24 is a 24-Ku band communication satellite weighing 4,180 kg with pan-India coverage for meeting DTH application needs