Two deadlines and several controversies later, the $23 billion cash-and-share swap deal between Bharti Airtel and South Africa’s MTN is ready to be signed, sources close to the negotiations confirmed today. “The deal is all set, agreed and legally ready to be signed,” the source sai…
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Bharti Airtel, MTN in $23 billion merger deal talks
Posted on: May 25th 2009 in Press Releases.
NEW DELHI: India’s largest telco Bharti Airtel on Monday said it has in talks to acquire a 49% stake in Africa’s largest telco MTN to create a entity stretching from the Cape of Good Hope across the African continent, West Asia and the Indian Subcontinent with revenues of about $20 bi…
Hold Bharti Airtel: P Sekhar
Posted on: May 25th 2009 in Stock Views.
P Phani Sekhar, Fund Manager, Angel Broking is of the view that one should hold Bharti Airtel. Sekhar told CNBC-TV18, “This Bharti deal to my mind makes a lot of sense because if you look at the Indian scenario, the new subscriber growth is going to taper down in the next 4-6% quar…
MTN deal may affect Bharti’s ROC: India Infoline
Posted on: May 25th 2009 in Stock News.
Bharti Airtel has confirmed that it may acquire 49% stake in South Africa-based telecom major MTN. Commenting on the deal, Bhavesh Gandhi of India Infoline said, “I think the deal looks positive for Bharti especially since after maybe 500-600 million subscribers, all the major top thre…
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