The Anil Ambani group firm RCOM is tying up with some global private equity and sovereign funds for acquiring a majority stake in South African telecom major MTN.
Bucking the weak trend, Bharti Airtel stock surged while that of Anil Ambani group company RCom plunged as it entered into negotiations to acquire South African telecom entity MTN.
Within a week of merger talks breaking down between MTN, the South African telecom company, and Anil Ambani's Reliance Communications (RCom), the buzz on Bharti Airtel returning to the centrestage ha
Is a decision on the MTN-Bharti deal expected by May 22? Perhaps, if the rescheduling of the annual report of South African telecom group, MTN, is anything to go by.