Lenders left in the dark as Bharti, MTN extend deadlines on $23bn 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.

  • 06 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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 BNP Paribas 10,542 20 17.55
2 Bank of America Merrill Lynch (BAML) 6,103 21 10.16
3 Citi 5,130 13 8.54
4 JP Morgan 4,681 6 7.79
5 Morgan Stanley 4,137 11 6.89

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 80,818.31 235 11.64%
2 Bank of America Merrill Lynch 65,088.22 185 9.37%
3 Wells Fargo Securities 56,145.09 163 8.08%
4 JPMorgan 53,381.65 156 7.69%
5 Credit Suisse 44,872.46 115 6.46%