from Breakingviews:

The limits of emerging market deal-making

September 30, 2009

South Africans snap pictures on their mobile phones

 So much for emerging-market solidarity.

A proposed $24 billion deal between Bharti of India and MTN of South Africa has fallen apart, not for the usual issues of price or control, but national ego.

from Commentaries:

Bracing for bar brawl in mobile phone emerging markets

August 17, 2009

The last thing that the complex negotiations between India's Bharti and South Africa's MTN Group to create the world's third largest mobile phone company needed is more complexity. The existing deal involving an intricate mix of cash and stock is further complicated by currency fluctuations and diverging growth rates between the maturing Indian market and the wide-open African one.