MTN ends negotiations about $10 billion Orascom deal

MTN Group Ltd. ended talks with Weather Investments S.p.A to acquire $10 billion of assets of Orascom Telecom Holding SAE, abandoning a potential deal for the fourth time in two years. The discussions “have been terminated,” Johannesburg- based MTN said in a statement, without giving a reason. The talks failed after Algeria’s government blocked a possible sale to MTN of Orascom’s largest and most profitable unit, Djezzy.