Technology Industry

Industry: Email Alert RSS Feed
Comments

MTN reportedly planning to buy stake in Aircel.(MERGERS AND ACQUISITIONS)

India Telecom, October, 2008

Media reports state that the MTN Group is holding discussions with India-based Aircel for a stake acquisition deal. The South Africa-based group is perhaps interested in Malaysian company Maxis's stake in the joint venture. The report added that the company, which had previously failed in its talks with India's top two private telecom operators--Bharti Airtel and Reliance Communications--is not eyeing stakes in BSNL, Vodafone, or Idea.

Furthermore, Tata Teleservices is apparently having talks with NTT DoCoMO, while Russia-based Sistema has already bought a majority stake in Shyam Telelink. Therefore, the only incumbent player left is be Aircel. The unconfirmed report also stated that MTN is keen to invest in a pan-India service provider.

Read the rest of this article with a Free Trial at HighBeam Research.
Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works. HighBeam Research
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:
  1. You are currently: a Guest |
  4.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
CXO UnpluggedSmart Business interviews on BNET

See and hear how senior level executives across the Asia Pacific are developing smart business ideas across a variety of sectors. The focus is on the future, and on how businesses need to evolve.

Brought to you by CBS MoneyWatch.com

advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement