| 
| UK papers: Vodafone in MTN play; co denies
New Delhi: Is the world’s largest mobile phone company by revenue, the UK-based Vodafone, joining the race for MTN?
Fit 'n' fine | Bizzy moms | Mother’s Day special | Gift your mom
UK’s Sunday Times and Sunday Telegraph newspapers have reported that Vodafone is examining a £20 billion or $39.02 billion bid for MTN.
It also said that Vodafone CEO Arun Sarin has asked the in-house acquisition team to explore the options of buying MTN.
Vodafone has, however, denied any intention to pursue MTN.
More India business stories | Stock tips on your mobile
Indeed, if Vodafone is interested in acquiring MTN, talks could be at an early stage and may not result in a bid, sources said.
Early last week, Bharti and MTN had also said that they are in exploratory talks and may not result in a deal.
But within days, it was learnt that the two were locked in advanced deliberations in London for an acquisition deal.
More India business stories | Stock tips on your mobile
Bharti wants to buy 51% in MTN, and is believed to be arranging finances for the deal.
SingTel, which holds 30.5% in Bharti, will help in the process.
Under license from www.3dsyndication.com
| 
| © Copyright Sify Technologies Ltd, 1998-2009. All rights reserved. India News Portal, Sify.com hosted at SifyHosting India's first Level 3 Internet Data Centre. Site optimized for Internet Explorer 5.5 and above. See Disclaimer | Privacy Policy & Parental Guidance on pornography | careers@sify | About Us | Feedback | Advertise |