- SOURCE: EquityPandit.com | Written by
Abhishek Parakh on September 30, 2009 at 8:19 pm
The much-awaited deal between Bharti and South Africa's MTN that expected to merge the two telecom giant has failed yet again. The doubtful issue of dual listing proved to be the deal breaker.
Bharti, in a statement, said, the company has decided to uncouple itself from the deal. “We hope the South African government will review its position in the future and allow both the companies an opportunity to re-engage.” The statement further said that the South African government had expressed its inability to accept it in the current form. Also, it stated, Bharti would continue to explore international expansion ...