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Articles tagged with: Bharti Airtel and Mtn
Bharti Airtel and MTN Cancel Merger Talks
India's Bharti Airtel and South Africa's MTN have called off their merger talks after they were unable to secure the necessary permissions from the South African government. more
Related Tags: India
Bharti and MTN Extend Merger Talks Deadline
Bharti Airtel has issued a brief statement that it has extended the period of exclusive talks with South Africa based MTN Group for their ongoing merger talks. The deadline for an agreement, which has already been extended once will now expire at the end of next month. more
Related Tags: India
Bharti Airtel and MTN Extend Merger Talks Deadline
In separate statements, India's Bharti Airtel and South Africa's MTN have confirmed that they are extending the deadline for their merger talks. The two companies had entered into an exclusivity agreement regarding the potential transaction until July 31, 2009. As discussions between the parties regarding the potential transaction are continuing, both parties have agreed to extend the exclusivity period up to August 31, 2009. more
Related Tags: India
Bharti Airtel and MTN May Extend Merger Talks
India's Bharti Airtel and South Africa's MTN Group are expected to extend the deadline for their merger talks due to the complexity of the negotiations, sources have told the Wall Street Journal. The issue is reported to be down to issues with Singapore Telecom, which owns 30% of Bharti Airtel. more
Talk Of Telecom Mergers Ringing Louder
After slowing to a crawl in the first half of 2009, deal-making among phone companies is bouncing back, a shift that's playing out in developed and fast-growing emerging markets alike. more
Related Tags: deutsche-telekom, vodafone, t-mobile, hutchison-whampoa
Fitch Comments on Potential Transaction Between Bharti and MTN
Fitch Ratings has commented that it will closely monitor developments following the disclosure by India's Bharti Airtel and South Africa's MTN Group that they are engaged in exclusive discussions to potentially acquire stakes in each other, with a view to eventually achieving a full merger. more
Related Tags: singtel, fitch-ratings, fitch, debt-ratings, South Africa
MTN restarts merger talks with India's Bharti
India's Bharti Airtel has resumed merger talks with South Africa's MTN - after they broke down last year. Under the proposed terms of the deal, Bharti would acquire a 49% shareholding in MTN and, in turn, MTN and its shareholders would acquire an approximate 36% economic interest in Bharti, of which 25% would be held by MTN with the remainder held directly by MTN shareholders. more
Related Tags: singtel, johannesburg--stock-exchange, partner, South Africa
India's Aircel Reported to be in Talks to Buy Loop Mobile
India's Aircel Cellular is reported to be in talks to buy Mumbai based Loop Mobile (formerly BPL Mobile), which is owned by the Ruias of the Essar group. Both companies have been holding discussions for around seven months now, two people familiar with the discussions told the Economic Times. more
Related Tags: , ict, vodafone, tim, cdma, loop-telecom, bpl-mobile, essar-group, bharti, mtnl, mumbai, seven, maxis, essar, vodafone-essar, aircel, loop-mobile, India
MTN 1st Half Net Profit Rises 12%, Seeks Expansion
JOHANNESBURG -(Dow Jones)- MTN Group, the African cellphone operator twice thwarted this year from expanding into the densely-populated Indian market, continues to scout for acquisitions in emerging markets. more
Related Tags: reliance-communications, verizon, reliance, bharti
Bharti Chairman: Not in Talks With South Africa's MTN
NEW DELHI -(Dow Jones)- Bharti Airtel has not started talks again with South African telecom major MTN Group, the Indian telecom service provider's chairman said Friday. more
Related Tags: bharti, delhi, South Africa