Bharti Airtel – MTN Deal

Research report by 'RR Financial Consultants'
     
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Bharti Airtel announces renewed efforts for a significant partnership with MTN Group. This could result in higher country risk and leverage .The deal that could include $10 billion in cashand $13 billion in shares. The Proposed $23-29 bn deal would be biggest ever M&A transaction involving an Indian company, almost double the previous highest of $13bn paid by Tata Steel for Corus. It would be the third largest deal in the world in 2009 so far, after Pfizer’s $64bn buyout of Wyeth and Merck’s $46bn deal with Schering-Plough Excluding pharma, Bharti-MTN deal would be the largest in world this year so far. Bharti-MTN’s combined subscriber base of 200m would make it the world’s 4th-largest telecom entity, and largest outside China. Bharti's equity will expand by 56% post acquisition (including the new GDR's) to 2,966 million shares .Bharti and MTN have agreed to discuss the potential transaction exclusively with one another until July 31, 2009

   
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BHARTI AIRTEL LTD. ( Report year: )
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