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Bharti chief addresses MTN concerns over merger

In an interview with the Financial Times (FT) today, Bharti Airtel’s chairman and founder, Sunil Bharti Mittal, says Bharti and MTN may remain separate entities for some time even if their current merger talks come to fruition.

Bharti and MTN extend merger talks

India’s Bharti and South Africa’s MTN today confirmed they are to extend their merger talks by another month, with an exclusivity period now ending 31 August

Bharti eyes Tigo, plans Sri Lanka merger

Indian mobile giant Bharti Airtel is mulling a bid for Millicom’s mobile business in neighbouring Sri Lanka, one of the three Asian mobile networks the Luxembourg-based firm put up for sale last month.

Bharti stock falls on concern over higher MTN bid

Reuters reports that shares in Indian operator Bharti Airtel fell as much as 4.8 percent today – to their lowest in over three months – following worries that the company will increase by 5-10 percent its offer to buy a stake in South Africa’s MTN.

SingTel’s regional mobile base up 33%

SingTel added a net 64 million new users (+33 percent) in the year to 30 June 2009, and reported strong growth from its regional associates, according to a TeleGeography report that cites a statement from the operator.

SingTel profits up, sales hit by Australian dollar

Asian mobile giant SingTel reported a 7.7 percent rise in net profit to SGD945 million (US$653.2 million) in its fiscal first quarter on the back of strength at its wholly-owned subsidiaries in Singapore (SingTel) and Australia (Optus).

Report: Bankers vie to fund Bharti-MTN deal

India’s Bharti Airtel has received bids from more than a dozen overseas banks willing to fund its planned merger with South Africa’s MTN, reports the Economic Times today.

Report: MTN investors demand better Bharti offer

Merger talks between India’s Bharti and South Africa’s MTN could be extended for a second time amid reports that MTN’s shareholders are becoming increasingly frustrated with the negotiations.

Bharti, MTN extend talks again as conclusion looms

India’s Bharti and South Africa’s MTN have again extended their merger talks by another month, this time declaring a deadline of September 30 as a successful outcome appears likely.

Bharti, MTN execs meet Indian ministry

Dow Jones Newswires reports that Bharti Airtel’s chairman Sunil Mittal and MTN chief executive Phuthuma Nhleko met today with India’s federal finance minister Pranab Mukherjee as the two companies strive to come closer to a deal to combine.