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Why MTN is a screaming buy

In an article in the 1 December 2005 edition of Fortune magazine, Paul LaMonica wrote that the new AT&T (just merged with SBC) was “not worth buying”. He anticipated declining margins due to fierce competition. He worried that the company was a “middle weight” in the mobile phone industry. And he fretted that it

The wedding’s off but, for MTN, life goes on

After five months of wrangling, the second attempt by MTN and Bharti executives to form a mobile giant in emerging markets has collapsed, just short of the altar. Bharti says that the SA government kiboshed the deal: “This structure needed an approval from the government of SA, which has expressed its inability to accept it in the current form.”

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