MTN Archives - Page 33 of 33 - Mobile World Live


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.

Foreign players eye stake in Nigeria’s Nitel

Several leading international operators are among the 13 potential investors that have expressed interest in acquiring Nitel, the struggling state-controlled Nigerian operator.

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

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.