Mixed feelings on MTN-Bharti deal end

Parting of ways by Indian cellular major Bharti Airtel and South African mobile giant MTN on Tuesday after 18-month long merger talks has elicited mixed feelings among investment advisors here.

Bharti-MTN talks could go into overtime: Analysts

Talks between India`s top mobile firm Bharti and South Africa`s flagship cellular group MTN may have to be extended due to new hurdles in their bid to create a telecoms giant, analysts say.

No discrimination against MTN: PM

PM Manmohan Singh has strongly backed Bharti group`s efforts for acquiring stakes in telecom gaint MTN.

Bharti may have to seek FIPB approval: FinMin sources

Finance Ministry on Wednesday said Bharti may have to seek FIPB approval for the deal with MTN as the transaction involves swapping of shares.

Bharti Airtel dips 2% in morning trade on bourses

Shares of telecom giant Bharti
Airtel Wednesday dipped as much as two per cent on the bourses
after market regulator SEBI revised takeover norms.

Bharti offers last-mile sweeteners for MTN: Report

Bharti Airtel has offered to retain the top management at MTN for at least 3 years and given the option of an all-cash offer to minority MTN shareholders to sew up the planned tie-up between the two firms.

Dual listing not possible without full convertibility: Experts

India will have to amend host of laws and make rupee fully convertible before allowing dual listing of shares as is being proposed by the South African telecom major MTN.

`Legal hitches in India delay MTN-Bharti deal`

The proposed tie-up between South African mobile phone group MTN and Bharti Airtel is being held up by legal problems in India, President Jacob Zuma said on Thursday.

Small MTN investors seek bigger Bharti sweetener

Small MTN investors want more money from Bharti Airtel for a planned multi-billion dollar tie-up, casting doubt over whether they will step in line if the two reach a deal.

Bharti Airtel gains 4% on BSE

Shares of Bharti Airtel on Thursday jumped nearly four percent in morning trade on the Bombay Stock Exchange amid reports that its planned merger deal with South Africa`s MTN is moving forward.

MTN faces `identity crisis` in Bharti deal

MTN`s USD 23 bn deal to merge with Bharati Airtel is being delayed as the company does not want to "lose its identity" and wants its South African base to be the "mother ship" of the new entity that will span two continents.

Proposed deal with Bharti fits into emerging mkt strategy: MTN

MTN, which is in talks with India`s Bharti Airtel for creating a combined entity worth USD 23-billion, on Thursday said the proposed transaction is compelling as it fits into the company`s emerging market strategy.

Bharti not to sweeten MTN bid: Sunil Mittal

Bharti Airtel is not looking to sweeten its offer to buy a stake in South Africa`s MTN, the Indian firm`s head said in a media interview, even as MTN shareholders have said they want a better price.

Bharti-MTN extend talks period by a month till Sept 30

Claiming that merger discussions with South African firm MTN are progressing "satisfactorily", Bharti Airtel on Thursday said that the period for exclusive talks has been extended by yet another month till September 30.

Bank interest high in funding Bharti-MTN deal: Report

India`s top mobile firm Bharti Airtel has received offers of financing from more than a dozen foreign banks to fund its merger with South African peer MTN, a leading business daily reported Tuesday.

S Africa`s MTN lining up USD 4.5 bn loan for Bharti

South African telecom MTN is in talks for a USD 4.5 billion syndicated loan to back the proposed merger with Indian mobile phone giant Bharti Airtel, a banking source close to the deal said on Friday.

Bharti topples Reliance Industries as top fund bet

Leading mobile operator Bharti Airtel replaced Reliance Industries as the most preferred stock of domestic fund managers in July.

Bharti working on revised MTN deal; may seek more debt

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
said.

Bharti Airtel has approached SBI for loans: Govt

The govt has said that Bharti Airtel has approached SBI for two separate loans of USD 1bn and Rs 5,000cr, which is yet to be finalised.

Airtel plans bid for Millicom Sri Lanka network: Report

India`s Bharti Airtel plans to bid for telecom operator Millicom`s Sri Lankan mobile network, the Economic Times said on Wednesday, citing two executives familiar with developments.