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Journalism of Courage
Talks between India’s top mobile firm Bharti and South Africa’s flagship cellular group MTN may have to be extended due to new hurdles in their bid to create a telecoms giant,analysts say.
But a deal could still emerge despite regulatory obstacles that have cropped up in the complex 24-billion-dollar share-swap negotiations,they said.
The latest deadline set by Bharti Airtel,owned by tycoon Sunil Bharti Mittal,and MTN to wrap up exclusive talks to create the world’s third-largest mobile phone operator by subscribers expires Wednesday.
Many analysts believe the companies will announce a third extension of the talks,which began in May aimed at forging a telecom powerhouse with annual revenues of over 20 billion dollars and 200 million customers.
