Emerging Markets and Telecom

Bharti, the largest Indian mobile operator announced last week that they had suspended their discussions to merge with the MTN Group, an African centric mobile operator with operations in over twenty countries, in their bid to create a global mobile operator. Shortly thereafter, Reliance, another large operator in the country (over 40 million subscribers) announced that it had entered into exclusive discussions to merge or acquire with MTN.

For details, see this link with the NY Times. Note how big these companies are.