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.
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