Mittal optimistic about deal with MTN

Chennai, August 18: Sounding optimistic about clinching a deal with South Africa-based mobile telecom giant MTN, Bharti Airtel Chairman Sunil Mittal today said ‘things can always happen at the last minute.’

“These things are always up in the last minute. There is always hope”, Bharti Enterprises Ltd Chairman and Group CEO Sunil Bharti Mittal told reporters here.

He said ‘talks were going on and there is always hope’.

Bharti has entered into exclusive talks with MTN in May this year, for exploring a potential transaction in share-swap and cash deal to create a USD 23 billion entity.

Initially the period for talks were supposed to have ended by July 31 but as they did not yield expected results the period was extended.

—Agencies