Bharti Airtel is working on a revised offer for a possible deal with South Africa’s MTN, which may entail higher cash outgo and additional debt to be raised by the Indian company to fund the transaction, sources...
Essar tower co settles for stake sale
Essar Group plans to sell a stake in Essar Telecom Infrastructure Pvt Ltd, the country’s second-largest independent mobile tower company, after three unsuccessful attempts to merge the company with larger rivals...
Bharti, MTN talks extended to Aug 31
India’s Bharti Airtel and South Africa’s MTN on Monday extended their July 31st deadline further by one month to conclude exclusive merger talks. If successful, this merger will create the world’s...
Unitech may sell tower-making business: Report
Indian property developer Unitech Ltd is trying to sell its telecom tower-making business for up to 7.5 billion rupees ($157.6 million) as part of its deleveraging initiatives, a newspaper said on Tuesday. Unitech...
SBI banks on SBS success for future M&As
Bharti Airtel and MTN failed to meet the Friday deadline to conclude merger talks to create the third-largest mobile phone operator in the world, but executives with direct knowledge of the development said the...
Bharti-MTN merger may be completed only by September
The deal between Bharti Airtel and South African telco MTN is likely to be inked only by September this year. It is learnt that the two companies could extend the exclusivity period for discussion by a few weeks. The...
Bharti, MTN likely to extend timeline for merger talks
Bharti Group and South Africa’s MTN Group are likely to extend the time period for discussing a possible merger. The two companies had earlier entered into an exclusive agreement to discuss synergies till July 31...
Deadline looms in Bharti-MTN merger talks
The countdown is on in merger talks between India’s top mobile firm Bharti Airtel and South Africa’s flagship MTN cellular company to create an emerging market powerhouse. The Indian company, which harbours...
Ericsson to buy Nortel’s wireless biz for $1.13 bn
Ericsson is all set to acquire a major part of Nortel’s North American wireless business for $1.13 billion, after the Swedish firm emerged as the successful bidder for the bankrupt Canadian company’s CDMA...
Airtel still in talks with South Africa’s MTN
India’s leading telecom operator Bharti Airtel is still in talks with South African telecom giant MTN for a possible merger, a top official said on Thursday. "Talks are going on between Bharti Enterprises...
Promoters of new telecom firms cannot sell stake for 3 years
After going back and forth, the Department of Telecom has finally decided to impose a three-year lock-in period on the equity stake held by promoters of new telecom companies. The DoT has notified amendments to the...
Talks on with MTN on deal: Bharti
Bharti Airtel today said it is still in talks with South Africa’s MTN over a deal which could see a merger of the two telecom giants that have a combined revenue of $20 billion. The two companies would be in...
