Vodafone rules out £19bn bid for MTN
Published Date:
12 May 2008
VODAFONE, the mobiles telecoms giant run by Arun Sarin, yesterday denied reports that it was mulling a £19 billion bid for MTN of South Africa.
"We have no intention of pursuing a bid for MTN," a spokesman said. It had been reported Vodafone was considering a bid for either all or part of Johannesburg-listed MTN. The denial came after India's top mobile operator, Bharti Airtel, said last week it was in exploratory talks with the South African company that could lead to a deal. Such a move by Vodafone would have significantly increased the British company's exposure to emerging markets.
MTN has assets in more than 20 emerging markets, including Botswana, Nigeria, Uganda, Cyprus and Syria.
The full article contains 124 words and appears in The Scotsman newspaper.
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Last Updated:
11 May 2008 8:46 PM
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Source:
The Scotsman
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Location:
Edinburgh
