Indian FM’s Blessings for MTN Merger, Not Dual Listing
TMC.Net
Finance minister Pranab Mukherjee on Tuesday indicated India’s support for the proposed alliance between Bharti and MTN as South Africa waved the red flag of national pride and insisted on its home-grown multinational retaining its character as a South African entity following any deal between the mobile phone companies.
Topics: merger, MTN, India, telecom, Africa, [...]
Bharti Hopeful of MTN Deal to Create Telecom Giant
TMC.Net
India’s top mobile firm Bharti Airtel hopes to conclude a merger deal next month with South Africa s MTN to create a telecoms giant and has no plans to sweeten its bid, a report said Friday.
Topics: Airtel, VoIP, telecom, merger, Bharti, Africa, India, MTN
Bharti-MTN Merger Awaits Nod From Competition Authorities
Wall Street Journal
According to South African laws, its government must be notified of any deal on mergers before the proposed transaction is implemented. Then, if the deal creates an equity, whose combined annual turnover or assets are more than 560 million rand ($67.97 million), it will have to be investigated and cleared by the competition [...]
Bharti-MTN Deal to Be Finalized in 10 Days – Sources
moneycontrol.com
CNBC-TV18 learns from sources that clarity on the Bharti-MTN deal finalization can be expected within the next 10 days. Siddharth Zarabi reports.
Topics: Africa, telecom, Bharti, wireless, carrier, merger, India, phone company, telecommunications, MTN
Alcatel Sees Telecoms Equipment Market Down 8-12%
Reuters
Alcatel-Lucent (ALUA.PA) still expects the global telecoms equipment market to fall 8-12 percent in 2009 at constant currency exchange rates, the chief executive of Alcatel-Lucent France said on Thursday.
Topics: VoIP, telecom, telecoms, India, wireless, telecommunications, Alcatel-Lucent, merger
BSNL Set to Invite Fresh Tenders to Run WiMax Ops
Economic Times, India
India’s largest telecom firm BSNL will invite fresh tenders to run its WiMax operations, after the previous attempt was aborted in light of dubious operators making it to the final shortlist.
Topics: telecoms, MTN, WiMax, telecommunications, Iran, MTNL, merger, telecom, India, BSNL
Bharti Airtel: Current Management to Remain Unchanged
Wall Street Journal
Last week, Bharti Airtel, India’s largest telecom company by subscribers, said it is merger talks with MTN in a potential deal worth more than $23 billion. Under the deal being discussed, MTN and its shareholders would buy a 36% stake in Bharti and the …
Topics: merger, telecom, India, MTN, Airtel, Indonesia, telecommunications, [...]
Watch Out For More Deals
Times of India, India
Even as the fine print of Bharti’s proposed share-swap deal with MTN is being finalised, it is bound to be watched by a lot of other Indian telecom companies with great interest. Indeed, it could prove to a path-breaker, prompting many other Indian telecom companies to use the same strategy to drive their [...]
