Bharti pulled out of MTN deal, a year back and is back now with acquiring 49% stake in MTN, South Africa-based telecom major.
In turn, MTN and its shareholders would acquire an approximate 36% economic interest in Bharti, of which 25% would be held by MTN with the remainder held directly by MTN shareholders.
The total deal value (both ways) is expected to be in the range of $23 Billion.
Singapore Telecommunications, a major existing shareholder of Bharti, will continue to be a strategic partner and significant shareholder after the implementation of the potential transaction.
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Ashish Sinha