LONDON, (Reuters) - South Africa's MTN is in talks with a group of lenders
to secure a $3.5 billion syndicated loan to back its proposed merger
with India's Bharti Airtel, banking sources close to the deal said.
The two telecom companies are in exclusive talks over a deal that
could lead to a full merger, creating
the world's third biggest wireless group with
more than 200 million subscribers and
combined revenue of $20 billion.
Deutsche Bank ( DB - news - people ) are advising MTN on the deal.
Bharti has been talking to banks about a $5-6.5 billion loan
to back the merger, banking sources told Reuters Loan Pricing Corp.
MTN declined to comment about the financing.
'At this stage the company has nothing further to add ....
The discussions are still in progress. MTN are in
exclusive discussions with Bharti Airtel
until 31 July 2009,' the company said.Source: http://www.forbes.com/feeds/afx/2009/07/17/afx6667885.html
Gsm: (250) (0) 78-847-0205 (Mtn Rwanda)
Gsm: (250) (0) 75-079-9819 (Rwandatel)
Home: (250) (0) 25-510-4140
P.O. Box 3867
Kigali - RWANDA
Skype ID: kayisa66