Anil Ambani-Reliance Communication and MTN Deal Called Off
Anil’s Reliance Communications and MTN called off on Friday their exclusive talks to create a top-10 global telecom firm, saying legal and regulatory issues meant they were unable to conclude a deal.
The talks were clouded by a claim to a right of first refusal on the Indian mobile carrier’s shares by Mukesh, who runs Reliance Industries , India’s largest firm, and who had started dispute proceedings over the issue.
*To get the password for buy calls, please subscribe to this blog. You will receive the password in next email to you*Find investments that fit your goals with Morningstar's Premium Screeners.
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment