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MTN sparks bidding war?

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The MTN buyout saga continues, with speculation mounting about a possible bidding war breaking out for a portion of the South African cellular giant.

 

Last week it emerged that MTN is talking to India's Bharti Airtel about a possible purchase of 51% of the local company's shares.
Over the weekend, Reuters broke the news that Singapore Telecommunications is one of the primary movers behind the Bharti Airtel negaotiations – although there hasn't been an offer made yet, and both parties have admitted to nothing more than "talking".
However, sources beleive the Indian operator could be ready to make a firm offer of R175.00 per share this week.
Now, the UK's Sunday Times claims to have information that Vodafone is preparing to pitch in with a 20-billion pound bid.
Vodafone, which owns part of Vodacom, was tipped to buy up more of its South African partner before Telkom pulled out of negotiations.