MTN South Africa in talks for a loan up to USD 4.5Bn

www.WirelessFederation.com/news: MTN South Africa is in conversation for a USD 4.5 billion syndicated loan to back the proposed merger with Indian mobile operator, Bharti Airtel, source revealed. According to the firms, working on a complex USD 23 billion cash and share swap for over two months, the exclusive talks would be extended until late August and that the terms of the potential deal may be adjusted. As per the earlier media reports, MTN was likely in talks for a loan worth up to USD 3.5 billion. As per the terms, MTN and its shareholders would take a 36% interest in Bharti and the Indian firm would end up with 49% of MTN.