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Bharti Airtel Ltd has renewed its efforts for a partnership with MTN Group Ltd and is exploring a potential transaction where, Bharti would acquire a 49% shareholding in MTN and, in turn, MTN and its shareholders would acquire an approximate 36% economic interest in Bharti, of which 25% would be held by MTN with the remainder held directly by MTN shareholders.

According to a Bharti press release, the potential transaction’s objective would be to achieve a full merger of MTN and Bharti as soon as it is practicable to create a leading emerging market telecom operator which would have combined revenues of over $20 billion and a combined customer base of over 200 million.

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