Bharti Airtel 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.
According to Reuters, Bharti Airtel, India's top telecommunications carrier, is looking at a valuation of just over $1 billion for the unit that had 7.9 million digital television customers as of December, one of the sources said.
Liberty Global 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.