MTN and India’s Bharti Airtel have revived merger talks to create a -billion telecoms giant spanning Africa, Asia and the Middle East.
A fresh row between India’s warring billionaire Ambani brothers could delay, but not kill, a tie-up of Reliance Communications and South Africa’s MTN.
Bharti Airtel, India’s leading mobile operator, may seek a merger or share swap with MTN Group to try to avoid a bidding war for the South African phone firm, analysts and media reports say. A successful deal would be India’s biggest foreign acquisition and create the world’s sixth-largest mobile operator.