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Bharti Airtel talks shift to full takeover of MTN

  • May 15th, 2008
  • 2:24 pm

India’s number one mobile operator Bharti Airtel’s negotiations with South African telecom major MTN is now headed towards complete take-over by the former, media reports said.

Bharti’s talks with South African mobile operator MTN Group Ltd are now centered on a full takeover by the Indian operator for a combination of cash and stock, The Wall Street Journal said quoting a person familiar with the situation.

“Bharti still wants majority control (a 51 per cent stake) but MTN prefers a full takeover which in South Africa can be portrayed as a merger of equals. Talks this week are focused on this (full takeover) and ways it could be done,” WSJ said in a report posted online.

The person said Bharti was considering paying as much as $20 billion in cash.

   

 

 
 


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