Merger Talks Continue to be Satisfactory: Bharti
India’s leading telecom operator Bharti Airtel and South Africa’s MTN Group have set September 30 as the deadline for their renewed merger talks which could create the world’s third-largest mobile operator.
This is the second time the two companies have extended their merger talks since the resumption of negotiations in May. The first extension expired on August 31.
In a press statement, Bharti Airtel said the discussions with MTN continued to progress satisfactorily: "No decision or agreement to acquire any shares or implement the potential transaction outlined above has yet been made by the boards of either Bharti or MTN and the discussions may or may not lead to any transaction."
If the revived talks between Bharti and MTN fructify, the merged entity would create an emerging markets giant with more than 200 million customers across India, Africa and the Middle East.
- Challenges Of Mobile Operators In The Age Of HD
- India-Israel-US Strengthen Ties At Nasscom's Tech Triangle Summit
- India 2nd Largest Contributor To IBM’s 9043 Patents In 2017
- FinTech Trends To Watch Out For In 2018
- Security Flaws Threaten Virtually All PCs, Phones
- Marketing Trends That Will Fizzle Out In 2018
- AI, Automation Disrupting Real Estate: JLL India CEO
- Mobile Operators To Cope With HD, Encryption Issues: Study
- Looking At The World Through A Digital Lens
- Customer-Facing Web, Mobile Apps Pose Highest Security Risk: Study