Bharti / MTN merger one step closer

Veröffentlicht: 9 Juli 2009
Google translate: 



A decision by the Indian securities and exchange regulator this week brought the Indian company Bharti Airtel one step closer to a merger with MTN to create one of the world’s largest emerging-market telecommunications groups.



Under the proposed deal, Bharti would acquire a 49% shareholding in MTN, whilst MTN would acquire 25% of Bharti in an “equity alliance”. The deal is being set up as a “merger of equals”.



The due diligence for the transaction is expected to be complete by the end of this month.