Monday, July 02, 2007

Bharti and Wal-Mart getting closer to finalization

The long awaited deal between Bharti and Wal-Mart is getting closer to being signed, and is likely to happen “as early as next month”, according to Sunil Mittal. He added that, "There has been a delay, as there are multiple agreements and legal issues we have to deal with, but I don't see it taking longer than that. This also has had no impact on the work in progress. We are hiring people, locations are being identified and work is on through Bharti. We are also working on finalising the formal agreements at the same time."

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