Bharti and MTN Wont Merge


Bharti Airtel of India and the MTN Group of South African rival called off a $24 billion deal to create a low-cost telecommunications giant. The deal fell apart as a result of differences from the South African and Indian governments. This is the second failed attempt at a merger between these two companies. Deals of this nature can be difficult because of immature capital markets of developing countries and hands-on governments, which make corporations less independent than their counterparts in developed economies.

The New York Times has the entire story here »

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