Bharti Airtel, India's largest wireless company, with 62 million subscribers, is in talks with MTN of South Africa to acquire between 51% and 100% of that company. Bharti Airtel has a current market capitalization of $40 billion, and the merger between Bharti and MTN will create the world's sixth-largest telecom operator, with a presence in 20 countries. A report from ABN AMRO in India said that the current global market conditions are ripe for Indian companies looking to get more aggressive with overseas acquisitions.
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"BHARTI AIRTEL HARBORS GLOBAL AMBITIONS"Please download to view full document