Bharti Airtel and South Africa’s largest telecom company, MTN Group Limited, have revived merger talks.

Bharti Airtel and South Africa’s largest telecom company, MTN Group Limited, have revived merger talks. According to the proposed plan, the $23 billion merger deal will see Bharti Airtel paying in cash and shares for 49 per cent of MTN, while MTN will pay cash and stock to acquire approximately 36 per cent stake in Bharti Airtel.