Home Economy Bharti’s overseas acquisition plans still on hold

Bharti’s overseas acquisition plans still on hold

By IANS,

New Delhi : Telecom major Bharti Airtel’s overseas acquisition plans are still on hold, a top company official said here Thursday.

“There is no change in acquisition plans (as of now),” Bharti Airtel chief executive Manoj Kohli told reporters here on the sidelines of a telecom summit.

The company was in merger talks with South African telecom major MTN, but the $23-billion deal did not materialise due to regulatory hurdles.

Kohli also said there was not much change in the number of subscribers in November.