Bharti Airtel, MTN in mobile money service in West Africa

bharti-airtel-mtnNew Delhi, April 8 : Bharti Airtel Tuesday announced a cross-border remittance partnership with South Africa's MTN Group to facilitate mobile money transfer between the two West African countries of Ivory Coast and Burkina Faso.

"The landmark partnership will enable Mobile Money customers of MTN Ivory Coast and Airtel in Burkina Faso to easily transfer money between the neighbouring countries," Bharti Airtel said here in a release.

"Until now, moving money between the two countries was mired by high fees, high usage of informal channels and a lack of proximity to withdraw money," it added.

Regulatory hurdles remain for Bharti-MTN deal

MTN-Bharti-AirtelNew Delhi, Sep 30  Regulatory roadblocks remained unresolved for the proposed $24-billion equity swap-cum-strategic tie-up between Indian telecom major Bharti Airtel and South Africa's MTN even as their deadline for exclusive talks was to expire Wednesday.

The developments are being closely watched by the global telecom industry as it has the potential to create the world's third largest mobile phone company, just behind China Mobile and Vodafone Group.

The new entity will have a combined base of 207 million subscribers and revenues of some $20 billion.

Bharti, MTN extend deal deadline up to August 31

BhartiIndian telecom giant Bharti Airtel and South Africa's largest telecom operators MTN have decided to extend the deadline of their executive talks, for a possible merger, up to August 31, according to a joint statement issued by both companies.

The joint statement went thus: "As discussions between the parties regarding the potential transaction are continuing, both parties have agreed to extend the exclusivity period up to August 31, 2009."

Bharti, MTN extend merger talks by a month

Bharti, MTN extend merger talks by a monthNew Delhi  - Indian telecommunication major Bharti Airtel Ltd and South Africa's MTN Monday extended to August 31 their talks for merging operations that would create the world's third-largest mobile phone operator, news reports said.

Bharti and MTN on May 25 announced resumption of the talks that collapsed last year. The negotiations for the deal estimated to be worth 23 billion dollars were to be finalized by July 31.

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