South Africa's MTN is reportedly investigating another attempt at a tie up with an Indian mobile network operator.
The South African firm was forced to walk away from a merger with India's Bharti Airtel in 2009 following local political opposition to the deal. Before that, talks with Reliance Communications broke down, but are now reportedly back on again.
Citing four people familiar with the talks, Bloomberg News reported that MTN is evaluating potential assets in the Indian market again.
MTN also has the upper hand in any deal as its share price has soared in recent years, while the Indian networks have seen their share prices hit by the ongoing regulatory confusions and low returns for investors.
MTN could "comfortably" afford a deal, Bruce Main, a fund manager at Ivy Asset Management told Bloomberg News.
The South African firm is also shortlisted as one of the bidders for two mobile licenses in Myanmar.
MTN Eyeing Possible Indian Acquisition
cwadmin30 May 20130 Comments
South Africa's MTN is reportedly investigating another attempt at a tie up with an Indian mobile network operator. The South African firm was forced to walk away from a merger with India's Bharti…
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Trained and practicing journalist passionate about telecommunications, fintech, cybersecurity, and digital economy reporting.
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