.: MTN and airtel bharathi deal called off?

Oct 3, 2009

MTN and airtel bharathi deal called off?

Sources:says

“The deal is all set, agreed and legally ready to be signed,” the source saidThe deal, which will be the largest in the global telecom space, will be subject to South African government approval after which it will be signed and will require sanction from 75 per cent of shareholders present and voting in both companies. Once the swap deal goes through, Bharti-MTN will have over 200 million subscribers, making it the third largest mobile company in the world behind Vodafone and China Mobile. Questions were raised earlier this month about the deal after the South African government (which indirectly holds over 21 per cent in MTN) said it was unwilling to sacrifice the telecom company’s “South African character” and raised the issue of dual listing as a compromise ahead of a merger.Senior officials from the South African government are visiting India this week to meet officers in the finance ministry, Reserve Bank of India and the Securities & Exchanges A dual listed company (DLC) involves two listed companies that have different sets of shareholders but share ownership of a single business operation..Allowing DLCs would entail substantial changes in India’s foreign exchange and stock market lawsThe South African government also stated that it was willing to accept the DLC structure as "the best policy option” to the initial proposal for primary listing of the merged entity (Bharti-MTN), as well as that of MTN Group in South Africa.Board of India (Sebi) to discuss this issue.pranab mukarjee,finance minister of india wrote a letter to south africa government that all the discussions are taking place with the indian government regarding DLC.On Bharti’s alternative plan is if the Indian government does not allow for dual listing, which is permitted in South Africa, the spokesperson said: “We don’t want to comment on a hypothetical situation -- we will cross the bridge when we come to it.”
thats the reason its called off immediately for the reason of problems in dual listing

No comments:

Post a Comment

8 silly stupid facts:)

1.Everyone drinks coffee to perk themselves up,but in fact an apple can perk one up more than a cup of coffee can 2.1,111,111 x 1,111,111 = 1234567654321 3.The only word that has 15 alphabets not reused in it is “uncopyrightable” 4.According to the Newton dictionary the longest word in the world is pneumonoultramicroscopicsilicovolcanocon… 5.Coke was originally green in colour. 6.A starfish has 8 eyes,one on each leg 7.Da Vinci spent 12 years alone painting Mona Lisa’s lips 8.It is impossible to sneeze with your eyes open 9.If u sleep, u may eat 10 spiders and 70 small insects unknowingly.

funny zone

Beggar and one man:

Once a man was waiting for a taxi.

A beggar came along and asked him for some money. The man ignored him. But being a professional, the beggar kept on pestering him. The man became irritated when he realized that the beggar would not leave him alone unless he parts with some money.

Suddenly an idea struck him.He told the beggar, “I do not have money, but if you tell me what you want to do with the money, I will certainly help you.” “I would have bought a cup of tea”, replied the beggar.

The man said, “Sorry man. I can offer you a cigarette instead of tea”. He then took a pack of cigarettes from his pocket and offered one to the beggar.

The beggar told, “I don’t smoke as it is injurious to health.”

The man smiled and took a bottle of whisky from his pocket and told the beggar, “Here, take this bottle and enjoy the stuff. It is really good”.

The beggar refused by saying, “Alcohol muddles the brain and damages the liver”.

The man smiled again. He told the beggar, “I am going to the race course.Come with me and I will arrange for some tickets and we will place bets. If we win, you take the whole amount and leave me alone”.

As before, the beggar politely refused the latest offer by saying, “Sorry sir, I can’t come with you as betting on horses is a bad habit.”

Suddenly the man felt relieved and asked the beggar to come to his home with him. Finally, the beggar’s face lit up in anticipation of receiving at least something from the man. But he still had his doubts and asked the man, “Why do you want me to go to your house with you”.

The man replied, “My wife always wanted to see how a man with no bad habits looks like

funny zone...

old woman and the doctor

An old woman came into her doctor's office and confessed to an embarrassing problem.

"I do that all the time, Doctor Johnson,

but they're soundless, and they have no odor.

What can I do?"

"Here's a prescription, Mrs. Harris.

Take these pills three times a day for seven days and come back and see me in a week."

Next week, an upset Mrs. Harris marched into Dr. Johnson's office. "Doctor, I don't know what was in those pills, but the problem is worse! I'm doing it just as much, but now it smells terrible! What do you have to say for yourself?"

"Calm down, Mrs. Harris," said the doctor soothingly. "Now that we've fixed your sinuses, we'll work on your hearing!!!"

how to keep up relations with stubborn ppl

stubborn is that person who refuses to change any idea or action which he is intended to take or which he is about to do. generally,we come across many beings having sort of obstinacy in order to prolong the dealings with them,these are few tips or guidelines 1.don't keep insisting 2.try to be flexible while negotiating with them 3.try to feel him that you are taking his views and opinions in to consideration 4.just line up the reason behind for being stubborn and boost him to speak honestly now and then.

social anxiety,burning issue

Social anxiety is a term used to describe an experience of anxiety (emotional discomfort, fear, apprehension or worry) regarding social situations, interactions with others and being evaluated or scrutinized by other people. It occurs early in childhood as a normal part of the development of social functioning, but may go unnoticed until adolescence....... Lifestyle changes for social anxiety disorder (social phobia) While lifestyle changes alone aren’t enough to overcome social anxiety disorder, they can support your overall treatment progress. The following lifestyle tips will help you reduce your overall anxiety levels and set the stage for successful treatment: * Drink only in moderation. You may be tempted to drink before a party or other social situation in order to calm your nerves, but alcohol increases your risk of having an anxiety attack. * Quit smoking. Nicotine is a powerful stimulant. Smoking leads to higher, not lower, levels of anxiety. * Get adequate sleep. When you’re sleep deprived, you’re more vulnerable to anxiety. Being well rested will help you stay calm in social situations.