Airtel (Bharti) MTN merger talk failed

For last few weeks, there was quite enthusiasm (a sort of pride) in some of the colleagues that Airtel (an Indian company) is going to announce largest bid in the telecom. Now Airtel has officially announced that the talk have failed to result anything.
From beginning, I was doubtful that Airtel, if it were successful, can management such a large company with too much diversified market. One of the biggest problem when we talk about Africa (or a company in Africa), we think it as one country. In reality, there are so many countries and every country has very diverse culture and needs. comparing Indian market with market in Africa might not be correct way to evaluate possible success for the merger. There is also issue of ownership. I am not sure if the people of africa will be too happy to have and Indian company owning telecom so openly. there are many indian companies operating in many part of Africa but generally they are low profile except TATA that is almost everywhere on the streets and many people dont even know it is an Indian company.
Now talks are terminated, I believe this is good news otherwise Indian shareholders might have suffer a big loss.