The race for South African telecom major MTN Group is hotting up with the possibility of two other players evaluating a bid or a strategic relationship with the company. Banking sources say European telecom major Deutsche Telekom and Russian telco Vimpel Communications are also studying the possibility of talking to the MTN Group.
With over 50 million customers, Vimpel Communications has a market capitalisation of $42.5 billion, which is similar to MTN. The company operates in various markets in Russia and the CIS countries, which include Kazakhstan, Ukraine, Georgia, and Armenia, amongst others, under the "Beeline" brand name.Deutsche Telekom has over 106 million mobile customers and operates in Germany, the US, the UK, Austria and the Netherlands, amongst others. It has a market capitalisation of $74 billion.
Read more in The Business Standard article.
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