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|6th May 2008, 13:44||#1|
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India Inc continues Shopping Spree - now AirTel wants MTN
Continuing the story of Indian companies going abroad for a round of shopping, Bharti (AirTel) have announced that they are in talks for MTN of South Africa for a possible takeover.
MTN is Africa's success story, having grown from a single operation in South Africa to a multinational operation spread across 21 countries in Africa and the Middle East, from Afghanistan to South Africa and from Cote d'Ivoire to Sudan.
MTN Group | MTN Group Footprint | Interactive Map
Should the takeover succeed, the combined subscriber base from both operations with take Bharti up to one of the largest Mobile operators in the world, just behind the likes of China Mobile.
Bharti Airtel considers bid for MTN - report - Telecompaper
Mobile firms Bharti of India, MTN of South Africa discuss a deal - MarketWatch
Bharti Airtel Bids $22 Per Share For South African Telco MTN: Report | contentSutra.com
|6th May 2008, 17:35||#4|
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If succeeds, it will also be the largest aquisition an Indian company, beating Tata's Corus deal.
|6th May 2008, 21:48||#5|
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Join Date: Jul 2007
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hudd hai guys.
Buying companies with debt doesnt mean we're kings. Keeping it profitable is the key. Else we'll have to sell our houses to finance the ambition!
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