Media statement from Bharti Airtel Limited
New Delhi, May 13, 2008: This is further to Bharti’s earlier statements regarding ongoing exploratory discussions with MTN. Bharti would like to clarify that it has not made any “bid” nor is there any requirement to make a “bid”, as has been incorrectly speculated and reported.
The discussions being held are aimed at combining the strengths of the two leading ‘emerging markets’ players and accordingly veering towards possible structures toachieve this objective. Bharti would like to reiterate that these discussions are still exploratory in nature and may or may not lead to any transactions.