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MTN, Bharti close to a deal?


Rumours that MTN could be close to concluding a deal with India's Bharti Airtel received a boost this morning as the company postponed a media briefing initially set for Thursday. 

Reports over the weekend indicate that Bharti Airtel would aim for 100% of MTN, with half in cash and the balance in shares.
As a sweetener, it is believed that MTN's Cyril Ramaphosa would be offered the position of chairman of the board of the merged company.
The South African network operator would be valued at about $50-billion in this scenario.
A possibly stumbling block is that MTN's shareholding in Bharti Airtel would push it past the legal maximum of international shareholding in an Indian operator.

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