Banks left in the dark as Bharti, MTN delay merger talks

India’s Bharti Airtel and MTN, Africa’s largest mobile phone company, extended their exclusive $23bn merger talks last Friday for a further month, prolonging the uncertainty among bankers who are discussing a three-pronged financing package to support the deal.

  • 03 Aug 2009

"No decisions or agreement to acquire any shares or implement the transactions outlined above have been made by the boards of either Bharti or MTN," read a statement by India’s biggest mobile operator on Monday. "And the discussions may or may not lead to any transaction."

The postponement delays ...

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