Mtn Stories
Bharti and MTN extend M&A talks
India's Bharti Airtel and South Africa's MTN Group extended talks to combine their operations to create the world's third-largest mobile operator and analysts said Bharti might need to sweeten its offer to clinch the deal.
India's Bharti, MTN may extend merger talks-sources
India's Bharti Airtel and South Africa's MTN are expected to extend exclusive talks by at least two to three weeks for a proposed merger, four sources familiar with the deal said on Friday.
MTN meeting India regulator on Bharti deal-report
Officials from MTN are meeting India's capital market watchdog and stock exchanges to understand regulatory issues on a proposed deal between the South African firm and Bharti Airtel, the Economic Times reported on Thursday.
West misses as mobile money takes off
Mobile operators seeking the
Big MTN shareholders say Bharti must sweeten deal
Four of MTN's top 25 shareholders would reject a tie-up with India's Bharti Airtel based on terms unveiled this week and other big investors are unsure about the deal to create a telecoms giant.
India's Bharti, South Africa's MTN seek $61 billion merger
India's Bharti Airtel and South Africa's MTN have revived merger talks to create a $61 billion telecoms giant spanning Africa, Asia and the Middle East a year after their previous attempt foundered over who would control the combined entity.
India's Bharti sees users doubling to 200 mln in 3 yrs
Bharti Airtel, India's leading telecoms firm by subscribers, hopes to double customers to 200 million within three years, its chairman said, adding any acquisition would see it reach the target even faster.
Mobile phone growth helps poorer states: U.N.
Two thirds of the world's cell phone subscriptions are in developing nations, with the highest growth rate in Africa where a quarter of the population now has a mobile, a United Nations agency said on Friday.
Surprise MTN Move to Boost Nigerian Stake
MTN is spending $348,9m to bump up its shareholding in MTN Nigeria by buying out some of the minority investors. It will pay $287,8m in cash and issue 6-million shares in the parent company to take an extra 6,98% in the Nigerian subsidiary, giving it an 81,87% share.
MTN Nears Total Ownership of MTN Uganda
South Africa's MTN Group now owns 97.34 percent of MTN Uganda following a $55 million cash purchase on Monday.
MTN Buys Out Investcom for $3.6 Billion
South African mobile operator MTN has paid $3.6 billion in cash to the shareholders of Investcom in one of the biggest payments made by a South African company for foreign assets said the group on Monday.
Microsoft, MTN Seek Affordable Internet in S. Africa
Software giant Microsoft and South Africa's cellular group Mobile Telephone Networks (MTN) announced on Tuesday a collaboration to provide affordable internet connection services in South Africa.