Telecom giant Airtel eyes a stake in Paytm

Airtel is engaging with Paytm to explore sale of the Airtel Payments Bank business in exchange for shares in the financial services firm, according to two people familiar with the matter, in a move that can be seen as the telecom giant conceding the payments market to the younger firm. If the deal materializes, the second largest Indian wireless operator also plans to make an additional investment in Paytm, one of the people said.
The two firms have not yet reached a deal yet, and both have some reservations, according to one of the people. Airtel did not respond to a request for comment Frida

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