Hang­ing Up

The Economic Times - - Companies & Economy -

That Air­tel has short­listed three banks — Citi, JPMor­gan and UBS — to lead the Lon­don list­ing plans for its Africa op­er­a­tion, has caused se­vere heart­burn for sev­eral Euro­pean ri­vals. The sto­ried Swiss bank, UBS, has al­ways been close to pro­mot­ers of the telco and it has been less about re­la­tion­ship bank­ing and more to do with fam­ily con­nec­tions. But two Wall Street gi­ants stomp­ing all over their blue-blooded Bri­tish ri­vals has up­set sev­eral egos in bank board­rooms, for sure.

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