Bharti shares open strong despite terminating talks with MTNOctober 1st, 2009 MUMBAI - The shares of Bharti Airtel opened strong Thursday despite the firm having to terminate the proposed $24-billion equity-swap-cum strategic tie-up with South Africa's telecom major MTN to create the world's third largest mobile phone firm. The company's shares opened at Rs.435 Thursday, against the previous day's close at Rs.418.55, and soon shot up to a high of Rs.467, data with the Bombay Stock Exchange (BSE) showed.
Bharti shares continue to trade strongOctober 1st, 2009 MUMBAI - Bharti Airtel shares, which opened on a firm note Thursday, continued to trade in positive terrain after the firm had to terminate the proposed $24-billion equity-swap-cum strategic tie-up with South Africa's telecom major MTN. The deal, if it had materialised, would have created the world's third largest mobile phone firm.
Bharti-MTN deal terminatedSeptember 30th, 2009 NEW DELHI - India's telecom major Bharti Airtel and South Africa's MTN Wednesday terminated their talks for a proposed $24-billion equity swap-cum-strategic alliance that could have potentially created the world's third largest mobile phone enterprise. According to Bharti, the proposed deal was called off after the South African authorities declined to accept certain regulatory constraints on the part of both sides.
Bharti stock down 3 percent as MTN deal gets costlierSeptember 22nd, 2009 MUMBAI - The scrip of telecom major Bharti Airtel fell about 3 percent on the Bombay Stock Exchange (BSE) on reports that the company may have to further sweeten its offer for South African telcom company MTN. According to reports, Bharti has offered MTN a 27 percent of its stake for the same money instead of the 25 percent proposed earlier.
Bharti stock down 3.28 percent as MTN deal gets costlierSeptember 22nd, 2009 MUMBAI - The scrip of telecom major Bharti Airtel fell 3.28 percent on the Bombay Stock Exchange (BSE) at end of trade Tuesday following reports that the company may have to sweeten its offer for South African telecom company MTN. According to reports, Bharti has offered MTN a 27 percent of its stake for the same money instead of the 25 percent proposed earlier.
Communications ministry not involved in Bharti-MTN deal: RajaSeptember 22nd, 2009 NEW DELHI - Communications and IT Minister A. Raja Tuesday said the proposed $23-billion deal between telecom majors Bharti Airtel and South Africa's MTN was not under his ministry's ambit.
Bharti, South Africa's MTN extend pact talks to Sep 30August 20th, 2009 MUMBAI - Bharti Airtel and South Africa's MTN Thursday said they were extending their talks for a proposed $23-billion financial alliance till Sep 30, with no final pact in sight even as the revised deadline of Aug 31 approaches. "Discussions between the parties regarding the potential transaction continue to progress satisfactorily and the parties have accordingly agreed to extend the exclusivity period until September 30, 2009," Bharti Airtel said in a regulatory statement to the Bombay Stock Exchange (BSE).
Bharti, South Africa's MTN extend pact talksAugust 20th, 2009 NEW DELHI - Bharti Airtel and South Africa's MTN Thursday said they were extending their talks for a proposed $23-billion financial alliance till Sep 30, with no final pact in sight even as the revised deadline of Aug 31 approaches. "Discussions between the parties regarding the potential transaction continue to progress satisfactorily and the parties have accordingly agreed to extend the exclusivity period until September 30, 2009," Bharti Airtel said in a regulatory statement to the Bombay Stock Exchange (BSE).
Bharti, South Africa's MTN extend pact talks to Aug 31August 3rd, 2009 NEW DELHI - Bharti Airtel and South Africa's MTN Monday said they were extending their talks for a proposed $23-billion financial alliance till Aug 31, having failed to reach a pact within the earlier deadline that had expired Friday. "No decision or agreement to acquire any shares or implement the potential transaction outlined above has yet been made by the boards of either MTN or Bharti," the South African telecom company said in a statement.
Bharti, South Africa's MTN extend alliance talks to Aug 31August 3rd, 2009 NEW DELHI - Bharti Airtel and South Africa's MTN Monday said they were extending their talks for a proposed $23-billion financial alliance till Aug 31, having failed to reach a pact within the earlier deadline that had expired Friday. "No decision or agreement to acquire any shares or implement the potential transaction outlined above has yet been made by the boards of either MTN or Bharti," the South African telecom company said in a statement.
Airtel still in talks with South Africa's MTNJuly 23rd, 2009 NEW DELHI - India's leading telecom operator Bharti Airtel is still in talks with South African telecom giant MTN for a possible merger, a top official said Thursday. "Talks are going on between Bharti Enterprises, the parent of Bharti Airtel, and South Africa's MTN Group to form a global business combination," Akhil Gupta, managing director of Bharti Enterprises, told reporters.
Government orders special audit of five telecom firmsJuly 16th, 2009 NEW DELHI - Five telecom firms will be audited for suspected misreporting of revenues by them, the government said Thursday. The telecom operators that are under the Department of Telecommunication (DoT) scanner are Bharti Airtel, Reliance Communications, Vodafone Essar, Idea Cellular and Tata Teleservices.
We intend to close MTN deal this time: BhartiMay 30th, 2009 AMRITSAR - The Bharti group Saturday expressed confidence that it will seal the proposed $23-billion deal with South African telecom giant MTN, after restarting negotiations that had collapsed last year. The two groups are discussing options under which Bharti will acquire 49-percent stake in MTN and the South African company, along with its shareholders, will buy 36-percent equity in the Indian company, the two firms had announced May 25.
Bharti, South African telecom firm resume talks to swap stakesMay 25th, 2009 NEW DELHI - India's Bharti Airtel and South African telecom giant MTN have resumed talks to hold stakes in each other's companies, restarting the negotiations that had collapsed last year. Thr two groups are discussing options under which Bharti will acquire 49-percent stake in MTN and the South African company will buy 36-percent stake in the Indian company, the two firms announced Monday.
Bharti Airtel crosses 100 million subscriber markMay 15th, 2009 NEW DELHI - Leading telecom operator Bharti Airtel Friday said its mobile phone subscriber base had crossed the 100-million mark, making the company the third largest single country service provider in the world. 'Bharti Airtel has achieved 100-million subscriber mark,' said a beaming Sunil Bharti Mittal, chairman of the Rs.375 billion company.
Loading ...