S.Africa union wants MTN, Bharti blocked - sources <http://in.biz.yahoo.com/090918/137/bau7pg.html> Click to enlarge photo<http://in.biz.yahoo.com/090918/137/bau7pg.html>
JOHANNESBURG (Reuters) - South Africa's labour federation COSATU is trying to halt a planned multi-billion tie-up between MTN and Bharti Airtel ( BHARTIARTL.BO <http://in.finance.yahoo.com/q?s=BHARTIARTL.BO> : 442.6 +9.45) but the government wants a deal, sources close to the matter said. "COSATU is quietly putting pressure on government not to allow this transaction (MTN deal)," a source close to the MTN and Bahrti transaction, told Reuters. The deal would create the world's third-largest mobile phone group by subscribers but is subject to an end-Sept. deadline. The firms have extended talks twice before, and a person with direct knowledge of the matter said it was possible the talks could be further extended by a few days into October. COSATU spokesman Patrick Craven said he could not make specific comments but that the federation would examine the deal to ensure workers interests are protected. (Reporting by Gugu Lourie, Editing by Lin Noueihed) --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
