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U.S. banks play with fire in Bharti-MTN deal (from Corporate Dealmaker)

The good news for Africa's No. 2 cell-phone operator MTN Group Ltd. may ultimately turn sour for investor J.P. Morgan Chase & Co. (NYSE:JPM).  According to The Economic Times, J.P. Morgan is one of a handful of banks providing $500 million apiece to finance No. 1 Indian cell-phone company...

Posted on June 30, 2009 12:40 PM

Bharti falls on deal financing (from Corporate Dealmaker)

A year ago, talks of a merger between India's No. 1 cell-phone company, Bharti Airtel Ltd., and Africa's No. 2 operator, MTN Group Ltd., fell apart. After that happened MTN looked to a deal with Indian No. 2 Reliance Communications Ltd., but that didn't work out either.Bharti-MTN deal talk fell...

Posted on May 26, 2009 9:40 AM