Q3 2009 MTN GROUP LTD Earnings Release - 06:00 am ET

Earnings Announcements for Thursday, October 29CompanySymbolTimeConferenceCall3PAR Inc.PARAfter Market CloseListenABBABB01:00 am ETABG SUN COL HLDGASC.OLTime Not SuppliedAccuray IncorporatedARAYAfter Market CloseListenACHENG RELAY000922.SZTime Not SuppliedAcme Packet, Inc.APKTAfter Market CloseListenAcme UnitedACU09:00 am ETListenACS, Actividades de Construcción y Servicios, S.A.ACS.MCAfter Market CloseACTELIOSACT.MI10:00 am ETActuate CorporationACTUAfter Market CloseListenAdaptec, Inc.ADPTTime Not SuppliedListenAdolor CorporationADLRTime Not SuppliedListenADVA Optical NetworkingADV.FTime Not SuppliedListenAetna Inc.AETBefore Market OpenListenAGL ResourcesAGLBefore Market OpenListenAgree Realty...
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Interim 2009 MTN GROUP LTD Earnings Release - Time Not Supplied

Earnings Announcements for Thursday, August 27CompanySymbolTimeConferenceCallA-Power Energy Generation Systems, Ltd.APWRBefore Market OpenListenABERDEEN ASIAN INCOME FUNDAAIF.LTime Not SuppliedAccor SAAC.PATime Not SuppliedACEGAS SPAAEG.MITime Not SuppliedACKERMANS & VAN HAAREN SAAVHNF.PKTime Not SuppliedACRUX LTDARUXF.PKTime Not SuppliedACSM S P AACS.MITime Not SuppliedAER LINGUS GROUP PLCAELGF.PKTime Not SuppliedAGR GROUP ASAAGR.OLTime Not SuppliedAJ LUCAS GRAJL.AXTime Not SuppliedAlm. Brand A/SALMB.COTime Not SuppliedAMEC plcAMEC.L02:00 am ETAmerican Eagle Outfitters IncAEOBefore Market OpenListenAMSTERDAM COMMODITIES NVACOMO.ASTime Not SuppliedArriva plcARI.L02:00 am ETAruba Networks, Inc.ARUNAfter Market CloseListenAvis Europe plcAVE.LBefore...
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Bharti Airtel, MTN To Keep Talking

Bharti Airtel, India’s leading cell phone operator and South African telecom MTN have agreed to extend the deadline for finally wrapping up their possible merger. The firms are extending the deadline for exclusive negotiations to August 31, from the date of July 31 set in late May, "as discussions between the parties regarding the potential transaction are continuing," the telecoms said on Monday.In May, Bharti Airtel, controlled by Indian billionaire Sunil Mittal, and MTN, whose largest shareholders include South African state pension fund Public Investment Corporation and Lebanon’s Mikati family, announced a complex deal to create a $20 billion emerging markets telecoms giant and the world’s third largest mobile phone operator with 200 million customers in Africa, India and the Middle East. (See "Bharti Airtel Woos MTN Again.")Under the terms of the deal, Bharti would acquire a 49% stake in MTN, while the South African firm would get 36% of Bharti, in a cash and share swap transaction."It’s not a big surprise as this is a very complex deal. The extension indicates that the talks are progressing in the right direction," said Sanjay Chawla, senior telecom analyst at Anand Rathi Securities in Mumbai.MTN must win support from 75% of its shareholders and a waiver for Bharti Airtel to make an open offer for MTN shares, in addition to the go-ahead from the government. Bharti Airtel will also need government approval for any change to its shareholding structure, India's corporate affairs minister Salman Khurshid said last week. Other significant shareholders in Bharti include Singapore Telecommunications ( SGAPY - ...
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Bharti Airtel Woos MTN Again

NEW DELHI - Exactly a year after he called off a merger between his flagship Bharti Airtel, India’s leading mobile phone operator, and MTN, billionaire Sunil Mittal is having a second stab at adding the South African company to his global telecommunications empire. In a press statement Monday, Bharti Airtel said it was exploring a potential deal to acquire 49% of MTN, which in turn would receive a 36% stake in Bharti. Commenting on the proposal, Mittal said, “We see real power in the combination and we will work hard to unleash it for all our shareholders.” Both sides have given themselves until July 31 to reach an agreement.A merger would create a $20 billion emerging market telecoms giant, with 200 million customers in India, Africa and the Middle East. "Three of the fastest growing wireless markets globally…with no overlapping footprint," said Phuthuma Nhleko, CEO of MTN. MTN ( MTNOY - news - people ) is offering $2.9 billion in cash and 25% of its own equity to acquire a quarter stake in Bharti. Other MTN shareholders would buy the remaining 11% of Bharti. Bharti, in turn, says it can pay 86 rand ($10.32) per share in cash and give half a Bharti share for every MTN share in the form of global depositary receipts to be listed on the JSE, the South African securities exchange. That is far less generous than the 165 rand ($19.80) it offered last year. MTN says it would reserves the right to increase its stake in Bharti in...
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