2. THE BHARTI-MTN SAGA Oct 1, 2009: The deal was finally called off dual to involvement of south African Government, issue of dual listing and various policies related to FDI. 28 July: MTN's second largest shareholder says the company is likely to reach an agreement C H R O N O L O G I C A L O R D E R 2009 29 May: many top shareholders of MTN started supporting the deal ($23 billion), but they were looking for sum price improvements 25 May: Bharti and MTN announce revival of merger talks to create a telecom giant 24 May: Bharti says it has ended talks with MTN after failing to agree on which firm will control a combined entity. 3 Aug: Bharti and MTN extend exclusive talks by a month. 2008 5 May: MTN says it is in talks with BhartiAirtel. 3 July: State Bank of India offers a loan of up to $1 billion to Bharti. 29-Jan-10 2