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Bharti-MTN deal termination: How will the stock react?

Posted on: October 1st 2009 in Market News.

The much-anticipated deal between India’s Bharti and South Africa’s MTN has botched yet again. On the news of termination, MTN shares fell 3% from the day’s high, to close down 1%. Rand fell over 2% versus dollar. The company has requested the SA exchanges to suspend tradin…

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Bharti-MTN $23 bn deal called off

Posted on: September 30th 2009 in Stock News.

MUMBAI: India’s Bharti Airtel said late on Wednesday it and South Africa’s MTN had called off talks for a planned tie-up due to the inability of the South African government to accept the deal in current form. Bharti said it will continue to look for international opportunit…

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PM backs Bharti’s bid to acquire stakes in MTN

Posted on: September 27th 2009 in Market News.

Pittsburgh: Prime Minister Manmohan Singh today strongly backed Bharti group’s efforts for acquiring stakes in South African telecom gaint MTN when he took up the issue with President Jacob Zuma and hoped that the deal will go through without any “discrimination”. &#822…

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Bharti-MTN deal ready to be signed

Posted on: September 21st 2009 in Press Releases.

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 to pay Rs 300 billion more for MTN?

Posted on: May 29th 2009 in Press Releases.

Contrary to assertions by Bharti Airtel’s management, the share-swap deal with South African telecom major MTN may trigger the open offer clause, according to a senior official in the Securities and Exchange Board of India. Sebi has based its assessment on Bharti Airtel’s off…

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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…

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MTN deal would be good for Bharti shareholders: Experts

Posted on: May 25th 2009 in Press Releases.

Early on Monday morning, India’s leading telecom company Bharti Airtel announced it had renewed its effort for a significant partnership with MTN Group Limited and is exploring a potential transaction whereby, pursuant to a scheme of arrangement, Bharti would acquire a 49% shareholding …

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