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MTN

Doubts raised over Bharti-MTN deal

A deal between MTN, of South Africa, and Bharti Airtel, of India, to allow the telecoms groups to exploit markets in Africa and the Middle East may be in trouble, according to a Financial Times (FT) report.

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.

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.