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Wireless

Bharti Airtel, MTN restart talks on merger

Monday 25 May 2009 | 09:47 CET | News
India's largest mobile operator Bharti Airtel has restarted talks to acquire a stake in Africa and Middle East operator MTN. The two had discussed a merger last year but talks broke down over control of the combined operation. Bharti Airtel confirmed in a statement that the two are now in talks for the Indian company to acquire a 49 percent stake in South Africa-based MTN. In exchange, MTN and its shareholders would take a 36 percent stake in Bharti Airtel. Bharti and MTN have agreed to discuss the potential transaction exclusively with one another until 31 July. Bharti said the broader

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Categories: Mobile & Wireless
Companies: Bharti Airtel / MTN / SingTel
Countries: World
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