...a tourist spot. Not much more for Bharti!
Therefore, the deal falling flat means Bharti still has ‘young’ international intentions left. As Santana Krishnan, Analyst, Spark Capital opines, “With the deal failing, its balance sheet looks good. But Bharti may soon roll out their operations in other emerging markets.” On news of the same, Bharti’s share price on BSE rose by 3.1% to touch Rs.890.95 (after a fall of 10% since the deal was announced); surely a good omen!
But there’s more to the war left. Post Bharti’s exit, speculations are rife that the $42 billion-worth RCom Ltd. is readying itself to make a $20 billion bid for the African elephant. Whoever gets MTN, one thing’s for sure – South Africa has a telecom CAGR of 22.5% and a high penetration of 70%; a sure inferior investment compared to India (CAGR of 60% & 22% penetration)?! Wonder what’s the logic in risking billions in sour grapes; or do they make better wine?!
Therefore, the deal falling flat means Bharti still has ‘young’ international intentions left. As Santana Krishnan, Analyst, Spark Capital opines, “With the deal failing, its balance sheet looks good. But Bharti may soon roll out their operations in other emerging markets.” On news of the same, Bharti’s share price on BSE rose by 3.1% to touch Rs.890.95 (after a fall of 10% since the deal was announced); surely a good omen!
But there’s more to the war left. Post Bharti’s exit, speculations are rife that the $42 billion-worth RCom Ltd. is readying itself to make a $20 billion bid for the African elephant. Whoever gets MTN, one thing’s for sure – South Africa has a telecom CAGR of 22.5% and a high penetration of 70%; a sure inferior investment compared to India (CAGR of 60% & 22% penetration)?! Wonder what’s the logic in risking billions in sour grapes; or do they make better wine?!
Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).
and Arindam Chaudhuri (Renowned Management Guru and Economist).
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