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Bharti

Bharti secures US5B loans to fund MTN deal

India’s Bharti Airtel has reportedly been successful in securing around US$5 billion in bank loans to fund its planned merger with South Africa’s MTN, raising expectations that the deal could be completed before the latest 30 September deadline.

MTN reports strong 1H09, no comment on Bharti

South Africa’s MTN this morning reported a strong set of financial results for the first half of the year but remained tight-lipped on its ongoing merger talks with India’s Bharti.

Bharti mulling Sri Lanka buy

The Wall Street Journal reports that Indian operator Bharti is considering the acquisition of the Sri Lankan operations of Luxemburg-based Millicom International in a deal which could be worth US$100 million to US$120 million.

Bharti linked to increased offer for MTN

Reports this week claim that Indian mobile operator Bharti has sweetened its offer to buy a 49 percent stake in South Africa’s MTN, increasing the likelihood that the two companies will reach a deal to create a global industry giant

MTN/Bharti merger stalls on ownership dispute

Financial Times reports that the planned merger between India’s Bharti and South Africa’s MTN could be scuppered by the South African government, which is worried about the business falling under control of a foreign entity.

Indian PM in call on Bharti-MTN talks

The Financial Times reports that Manmohan Singh, the Indian prime minister, has urged fair treatment for Bharti Airtel in its negotiations with South Africa’s MTN over a US$23 billion cash and shares merger as the deadline to conclude the deal approaches.

Bharti blames SA government for MTN deal failure

India’s Bharti and South Africa’s MTN have cancelled their US$23 billion merger plans for the second time in two years, with Bharti blaming the South African government for the collapse. “Bharti and MTN have decided to disengage from their discussions when the exclusivity period ends on September 30, 2009,” Bharti said in a statement yesterday.