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MTN deal off, what next for Bharti?
In the end, it was not to be. On May 24, the company issued a statement accusing MTN of setting aside an in-principal merger agreement in favor of a deal that would make Bharti a subsidiary of MTN. Bharti Airtel believes that this convoluted way of getting indirect control of the combined entity would have compromised the minority shareholders of Bharti Airtel and also would not capture the synergies of a combined entity… Accordingly, Bharti Airtel has decided to disengage from the ongoing talks and has conveyed the same to MTN. True, it has not yet reached the trophy acquisition stage, which made the Japanese buy properties such as Rockefeller Center or Pebble Beach Golf Resort in the U. The general opinion, however, is that though Indian firms might end up with a couple of lemons, it should not stop the whole fruit-picking adventure. We should be going out to take over companies.
Now That the MTN Merger Deal Has Collapsed, What’s Next for Bharti Airtel?
A rickshaw driver talks on his mobile phone as he rides past a billboard outside a railway station in the northern Indian city of Chandigarh May 26, India's Bharti Airtel, which has restarted merger talks with South Africa's MTN Group, said on Tuesday it does not expect funding requirements for the deal to be onerous. The talks could lead to a merger creating one of the world's biggest cell phone groups by subscribers through the combination of India's biggest operator and MTN, which runs networks across 21 markets in Africa and the Middle East. Bharti BRTI. Trading equity stakes would give both firms exposure to new markets ripe for growth, while a full merger would yield cost savings, allow for technology sharing, and provide the financial muscle for more expansion, analysts say. With million users, a combined entity would be the third biggest based on subscribers, behind China Mobile However, some analysts voiced doubt as to whether a deal would be sealed after similar talks collapsed last year.