South Africa: MTN deal may see $6bn inflow

source: Fin24
2009/09/09 04:51:00 PM

Johannesburg – An MTN/Bharti deal would see net inflow to South Africa of around $4bn-$6bn, said Peter Attard Montalto, emerging markets economist at Nomura International, on Wednesday.

Reports out on the wires said that the two communications groups had reached a $24bn preliminary agreement to buy each other’s shares.

Indian mobile-phone company Bharti Airtel and South Africa’s MTN have reached a preliminary agreement for their planned $24bn share and cash swap, Bloomberg reported on Wednesday.

Bharti sweetened its bid to buy 49% of MTN by increasing the cash portion of [continue reading]

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