Posted by: Armel | October 5, 2009

THE DEAL is OFF AGAIN !!

                          bhartiMTNDealOff

 

One of the biggest deal  in the Telecoms sector between MTN and BHARTI-AIRTEL was called off for the second time !

If the M&A Operation had gone through, it would have catapulted Bharti Airtel to become the third largest telecom services provider spanning 20 countries and 200 million subscribers globally. MTN is leading the pack in the Sub-Saharan Africa region and would have expanded its reach to Asia thanks to tie-ins via Airtel. But, it has been said that the South African Government did not want to give away such a flagship Iconic company. MTN represents way too much for Pretoria, and forking over its control to Bharti would leave a bad taste no matter the exchanged price.

With that said, it’s not completely over.. Something might pop again soon between these two.

Armel Njeunou

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