Business | Posted on Oct 01, 2009 at 03:37am IST

Dual listing law fractured Bharti-MTN deal

Mike SangmaMike Sangma, CNN-IBN

New Delhi: Bharti and South African telecom major MTN on Wednesday called off talks to form the world's third largest telecom company. This news came after the deal got stuck over the issue of dual listing or listing both in South Africa and India which would have retained the national identity of MTN as a South African company. Indian laws do not allow dual listing.

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