RPT-Bharti not seeking new buys, sees local shake up

Mon Nov 9, 2009 2:53am GMT
 
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(Repeats story issued on Sunday)

* Chairman says hopes to start lookout for buys soon

* Says price war will force consolidation

(Adds quotes, details)

By Devidutta Tripathy

NEW DELHI, Nov 8 (Reuters) - Bharti Airtel (BRTI.BO), India's top mobile operator, is not actively seeking acquisitions, after its $23 billion planned tie-up talks with South Africa's MTN collapsed, the Indian firm's Chairman Sunil Mittal said on Sunday.

With political rather than commercial factors seen as the deal-killer with MTN (MTNJ.J), analysts have said Bharti could look at Kuwait's Zain (ZAIN.KW), Sweden's Millicom (MICC.O) and Egypt's Orascom (ORTE.CA).

"Hopefully sometime soon," Mittal told reporters at the Word Economic Forum, replying to a question whether the company was actively looking at new buys.   Continued...

 
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