MTN remains interested in India tie-up

MTN Group is said to be investigating another attempt at a tie up with an Indian mobile network operator.

The South African firm was forced to walk away from a merger with India’s Bharti Airtel in 2009 following domestic political opposition to the deal. Before that, talks with Reliance Communications broke down, but are now reportedly back on again.

Citing four people familiar with the talks, Bloomberg News reported that MTN is evaluating potential assets in the Indian market again.

MTN also has the upper hand in any deal as its share price has soared in recent years, while the Indian networks have seen their share prices hit by the on-going regulatory confusions and low returns for investors.

The South African firm is also shortlisted as one of the bidders for two mobile licences in Myanmar.

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