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Regulatory hurdles delay weekend deal

                   
livemint.com
May 18, 2008
        
Story Timeline:  198 days

MTN has networks in several countries like Iran, Syria and Liberia where Office of Foreign Assets Control rules prohibit US firms from funding acquisition of an asset New Delhi: Merger talks between top managers of India’s biggest mobile phone services firm Bharti Airtel Ltd and MTN Group Ltd,... [read full story]                    

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Latest article on this story:

South Africa: Bharti, MTN Deal Could Hit Legal Hurdle

 allafrica.com May 21, 2008
First article on this story:

Cell Users May Applaud Bharti Buy

 allafrica.com May 19, 2008
Selected publications with coverage of this story:
indiatimes.com go2blogging.com rediff.com moneycontrol.com allafrica.com ft.com tmcnet.com livemint.com
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South Africa: Bharti, MTN Deal Could Hit Legal Hurdle

allafrica.com
May 21, 2008
        

Posted to the web 21 May 2008 Sure Kamhunga Johannesburg AN INDIAN telecoms watchdog has threatened legal action if the proposed deal between Bharti Airtel and MTN breaches India's foreign-ownership rules. But MTN's suitor is reportedly teaming up with its Singaporean partner to form a special...

BhartiMTN deal unlikely to close by weekend: Srcs

moneycontrol.com
May 20, 2008
        

India\'s biggest cross border MA deal could take a while to be ironed out. CNBCTV18 has learnt that contrary to speculation, talks between Bharti Airtel and MTN are unlikely to close by the end of this week. It will be a complicated deal and one that has no timeline said a company source.

livemint.com: Astute dealmaker: Chief.executive officer of MTN Phuthuma Nhleko. livemint.com

MTN chief Nhleko may want big role

livemint.com
May 20, 2008
        

MTN, with a 290 billion rand (Rs1.65 trillion) market capitalization, operates in countries in east, central and west Africa such as Nigeria, Cameroon, Ghana, Zambia and Uganda Johannesburg: Phuthuma Nhleko, chief executive of South Africa’s MTN since 2002, is one of the country’s best-known...

                   

Bharti, MTN merger talks could wind up this weekend: report (AFP)

go2blogging.com
May 20, 2008
        

NEW DELHI (AFP) - Merger talks between India's biggest mobile phone services firm, Bharti Airtel, and South Africa's flagship MTN Group could wind up this weekend, a report said on Saturday. Bharti and MTN, Africa's biggest cellular operator, were putting finishing touches to a funding structure...

                   

Lobby group challenges Bharti-MTN tie-up

rediff.com
May 20, 2008
        

An Indian consumer pressure group has warned that a proposed deal between Bharti, the country's largest mobile operator, and South Africa's MTN could breach the country's foreign ownership rules. The two companies are exploring a possible tie-up that would most likely see Bharti acquire MTN in a...

Bharti Airtel, SingTel to float SPV for MTN buy

rediff.com
May 20, 2008
        

Indian firms, including Tata Steel, in the past have formed SPVs to acquire foreign companies to protect local operations and also to avoid legal hindrances. The SPV may be registered in a tax-haven country, like Mauritius or Bahamas, the sources said. The move to float an SPV will help Bharti...

Bharti, MTN End Merger Talks

tmcnet.com
May 20, 2008
        

According to financial industry sources, India's Bharti and South Africa's MTN Group have completed the negotiations for merger, even though Bharti has maintained that the talks are only at the preliminary stage. Bharti's chairman and managing director, Sunil Mittal held the final talks with...

MTN chief hints at European bidder

indiatimes.com
May 19, 2008
        

20 May, 2008, 0000 hrs IST,Kausik Datta, MUMBAI: The South African telco MTN, which is discussing a merger with Bharti Airtel, is tempted by opportunities in Asia and wants to play a larger role in the mergers and acquisitions of the Asian telcos without ruling out the possibility of a third...

Africa: Indian Eyes On Continent

allafrica.com
May 19, 2008
        

Talks between South African MTN and India's largest mobile-phone operator, Bharti Airtel, are now centered on a full takeover. Bharti said last week it was in talks with MTN to "combine the strengths of the two leading players from emerging markets, and is accordingly veering toward possible...

Indian Eyes On Continent

allafrica.com
May 19, 2008
        

Talks between South African MTN and India's largest mobile-phone operator, Bharti Airtel, are now centered on a full takeover. Bharti said last week it was in talks with MTN to "combine the strengths of the two leading players from emerging markets, and is accordingly veering toward possible...

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