MTN Archives - indiabusinessview

What could have saved the Bharti Airtel-MTN deal?

October 1, 2009August 20, 2014Editor

Bharti Airtel and MTN were unable to convince the South African government to accept their cross-border merger proposal. The government did not object to the merger per se but to the structure, which was outside the current regulatory environment. The two companies had proposed a structure, which ostensibly involved MTN taking up a stake in Bharti by subscribing to ADRs/GDRs. Bharti would in turn take up a stake in MTN, which was a direct transaction.

Bharti Airtel and MTN can’t seem to decide

August 20, 2009August 20, 2014Editor

Bharti Airtel and MTN have still not managed to get their merger act together and don’t expect to do so any time soon. They have 10 days to go for the August 31 deadline for exclusive talks to end. But Bharti Airtel today announced an extension of talks till September 30. It is unlikely that the two sides are not able to agree on the price, by now they would have called off the talks if price was a sore point

Bharti Airtel and MTN extend talks, structure to change?

August 3, 2009August 20, 2014Editor

The celebrations will have to wait longer for what has been touted as a major south-south corporate alliance. Bharti Airtel and South Africa’s MTN have decided to extend their talks for a possible merger, to end August 2009.

Bharti and MTN to join hands; complex deal structure

May 25, 2009August 20, 2014Editor

The promoters of Bharti Airtel and MTN have agreed upon a merger agreement. This will be a novel deal involving an Indian company and a foreign company, with a consideration involving cash and a share swap. If it succeeds, both companies will hold stakes in each other, with Bharti holding the upper hand with a 49% stake in MTN. Of course, it is paying a stiff price to get that privilege.