Tata Play

Tata Play, India's leading direct-to-home (DTH) service provider, reported a deeper consolidated net loss of ₹529.43 crore for the financial year 2024–25, widening from ₹353.88 crore in FY24. The company also saw a 5.15% drop in operating revenue, citing intensified competition from peers like DishTV, Airtel Digital TV, and DD Free Dish. While the firm successfully reduced its net debt and curtailed advertising costs, ongoing merger talks with Bharti Airtel were called off, and its planned IPO remains stalled due to regulatory hurdles.

Bharti Airtel and Tata Group have mutually decided to terminate discussions for a merger of their direct-to-home (DTH) businesses, citing an inability to reach a satisfactory resolution. The decision, made public through a filing with the Bombay Stock Exchange (BSE), ends months of speculation regarding a potential merger of Bharti Telemedia, Airtel's DTH arm, with Tata Play, a subsidiary of Tata Group. The discussions were initially aimed at consolidating the DTH sector, but differences between the two parties ultimately led to the cessation of talks.