The South African media has been speculating that MTN Group is in talks with Bharti for a proposed merger after the former’s deal with Reliance Communications (RCom) became controversial with Reliance Industries’ claims of first right of refusal. MTN vehemently denied these reports today and stated that they were still in talks with RCom.
Reuters quotes MTN’s spokesperson, Nozipho January-Bardill as saying: “MTN has not made any advances to Bharti. Normally we don’t comment on speculation, but this time we refute this (that MTN has made fresh advances to Bharti),” .
Speculation A South African daily, reported on Monday, “The original, less controversial merger with Bharti Airtel could be back on the cards.”
“Media frenzy surrounding MTN’s proposed merger with Reliance Communications is probably creating a useful smokescreen to allow it explore opportunities in other countries well away from the spotlight,” another South African daily Business Day reported hinting that some other new players may also be in the fray.
Observers say that there might be the possibility of this development holding true since the SA operator may want to command more in its talks with RCom. Also with Bharti the deal is clear with no controversies. However as of now it can only be considered as part of numerous speculations doing the rounds.
ITNewsAfrica
