Airtel has pulled out of MTN deal, as MTN’s fresh move goes against Bharti’s vision (MTN proposed to make Bharti a subsidiary of MTN).
The Bharti signed term sheet agreement was presented to MTN on May 16th; and MTN’s fresh proposal demands Singtel shares in exchange of controlling stakes and also exchange of majority shares of Bharti family.
A deal of this size will go thru’ it’s own dance-and-flirt game and media very often plays the dancebar – so it ain’t over till it’s really over!
For now, it’s back to square one for Bharti and they will lookout for others way for inorganic growth.
Add comment
You must log in to post a comment.