Reuters India
20 May 2008
MUMBAI (Reuters) - India's Bharti Airtel and partner Singapore Telecommunications (SingTel) plan to set up a separate company for the acquisition of South Africa's MTN Group, the Business Standard paper said on Tuesday, citing unnamed sources.
The special purpose vehicle (SPV) will raise funds, including bridge loans, and may later sell American Depositary Receipts or Global Depositary Receipts to repay the debt, it said, citing sources.
>>>> More
