Thursday, June 4, 2009

>Bharti + MTN - FAQs (CITI)

  • Current and proposed shareholding structure?
  • What are the key shareholder and regulatory approvals that would be needed?
  • Will Bharti be issuing new shares to be traded as GDRs in JSE?
  • Why is Bharti doing this deal? What are the synergies?
  • Does the 74% foreign ownership limit in India impact Bharti in any way?
  • Will/Can MTN be given the 25% stake at the Bharti parent level?
  • Why has the Bharti stock price been weak since the deal was announced? Who has been selling?
  • What should MTN shareholders be thinking about into the scheme of arrangement?
  • What should Bharti shareholders be thinking about?

To see full report: BHARTI AIRTEL