A maturing market amid the mayhem
Will you buy Bharti Airtel shares?
The company is in exclusive talks for a stake in South Africa’s MTN, a deal which will create the world’s No. 3 mobile firm. On Thursday, the two firms said they were extending talks till Sept. 30, their second such extension this year.
Bharti’s chairman said on Friday that they were not looking to sweeten its offer to buy a stake in South Africa’s MTN.
The deal is complex and is the main reason for the further extension, Morgan Stanley analysts wrote in a report.
Bharti Airtel is India’s top mobile operator and is valued at around $31 billion.
Bharti shares have gained over 10 percent after dipping to rupees 374 on August 10, which was its lowest since mid-May.
Do you think it is the right time to invest in shares of Bharti Airtel?