Right move @ the right time Bharti-MTN deal

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The share value is a cool 35 % lesser than what it was when Bharti was looking to do this deal last year. Hence, the timing cannot be better. Lower aquisition costs will help the cause of consolidation for Bharti and give it what was missing - an international foot print. With ARPUs as is in India, a growing sub base alone is not the end all in the telecom domain. An international presence opens up other avenues in dealing with profitability and reopening talks given the deal criteria that we hear off indicates a good chance of coming through. However, this is all sitting on the assumption that MTN is really keen. The company has been known to play games aimed at increasing their share price quite often. If they really want a piece of action in India, they will do what they seem to be doing. If it is just a gimmick, we will know soon. Bharti has lots to gain and too little to lose anyways.