Business Daily from THE HINDU group of publications
Thursday, Oct 01, 2009
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Business Daily from THE HINDU group of publications Thursday, Oct 01, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Telecommunications Info-Tech - Mergers & Acquisitions
Our Bureaus New Delhi/Mumbai, Sept. 30 Failure to clinch the $23-billion merger deal with MTN will not be the end of the road for Bharti or for other Indian telecom companies looking to expand their operations internationally, according to analysts. “The fact that Bharti ventured out of the Indian market looking for a merger with an iconic company like MTN shows that our market has matured. This is just the beginning and there are many other companies out there with which Bharti can engage for merger or acquisitions. The deal with MTN has broken down for whatever reasons, but there will be other deals for telecom operators,” said Mr Ashish Sharma, Head, Telecom Practice, Booz & Company. “India Inc has had many successes in the past, and in the future too we can hope to see some large M&As . The MTN deal not going through should not be seen as a dampener,” said Mr Chandrajit Banerjee, Director General, Confederation of Indian Industry. Deal too complex“The deal complexity had gone beyond control of the two organisations ever since the economic and political angles started getting discussed. Going forward, Bharti Airtel would be careful in its handling of further M&A deals and try not to get the governments involved. However, it is not true that Indian telcos are unable to go in for large ticket M&A deal. The Government ownership of telcos such as MTNL and BSNL does prevent them from being aggressive and flexible in an M&A deal. On the positive side, Bharti would now be able to concentrate fully on the upcoming 3G auctions. If the deal had gone through, the company would have been stretched for resources,” said Mr Raman K Practice Head- Telecom, Media & Technology, Tata Strategic Management Group. Bharti-MTN deal may need convertibility, says Pranab Bharti-MTN deal will trigger open offer Talks with MTN still on: Bharti Airtel More Stories on : Telecommunications | Mergers & Acquisitions | Bharti Tele-Ventures Ltd
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