Deals du Jour

August 18, 2009

Reliance Communications is one of the bidders for Zain’s African operations, two banking sources with knowledge of the situation have told us. Talks over the deal — reported to be worth $10 billion — are preliminary. 

There is a queue of banks for the other big telecoms deal in the works, willing to fund Bharti Airtel’s acquisition of a stake in South Africa’s MTN, says the Economic Times. The two are in exclusive merger talks till Aug. 31.

For an overview of other stories in the papers, click here.

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