Bharti Airtel renews talk with MTN Group
May 25th, 2009 Leave a comment Visited 80 times, 4 so far today
Bharti Airtel renews talk with MTN Group
India’s leading telecom company Bharti Airtel has announced that they are now renewing their talks with MTN Group for a possible deal.
Bharti Airtel is looking to acquire a 49 percent stake in MTN which is Africa’s largest wireless services provider.
The deal could see MTN and its shareholders buying 36 percent of Bharti.
Bharti had been in talks with MTN before also but they decided to move out after the two companies failed to settle on a common ground.
If Bharti merges with MTN, it would create an entity with combined revenue of more than $20 billion and a combined customer base of 200 million users.
Bharti Airtel is the leading telecom service provider in the country with more than 100 million customers.
acquisitions, Bharti, Bharti Airtel, India, mergers, MTN, MTN Group, south africa, telecom
Sukhdeep
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May 25th, 2009 at 01:41 pm
Since 95% of all news items relate to Airtel, wouldn’t it be better if the blog is remaned airtelbroadband instead of sifybroadband?
May 25th, 2009 at 03:39 pm
the name of the blog is not sify broadband. sify in the URL is just leftovers from the ancient times.