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Africa’s largest mobile operator MTN Group may still be eyeing an entry into the Indian telecom sector. If the industry buzz is to be believed that the South African company is understood to be in talks to buyout a Mumbai-based Indian operator.
While MTN had earlier initiated talks with Reliance Communications, the deal did not go through. MTN may have restarted discussion with RCom since policy rules around spectrum auction and mergers & acquisition are clearer. On the other hand, Tata Teleservices is also a buyout candidate after Japan’s NTT DoCoMo decided to exit the company.
A tweet by Harsh Goenka, Chairman of RPG Group added fire to the speculation. “MTN doing due diligence of a large Mumbai-based telecom company. Will this mega deal happen?,” Goenka tweeted.
MTN has been looking to enter the Indian subcontinent for over 5 years as growth of wireless use slows in Africa. In 2009, it broke off a deal with Bharti Airtel and in 2013 it walked away from a discussion with RCom.
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