Bharti-MTN Reconnect!
May 30th, 2009
Step aside Ratan Tata, Kumar Mangalam Birla, Vijay Mallya – there is a new M&A king and it’s Sunil Bharti Mittal and he is come straight from zero overseas acquisitions to an over USD 23 billion deal. One-year after the two broke off, the country’s largest telecommunications company Bharti Airtel says it has reconnected with its old flame – the African telecom giant MTN. The resurrected deal involves big cash, complicated share swaps and eventually a mega cross border major