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Reliance-MTN: Deal Or No Deal, Speculation Continues

Posted on May 27, 2008

The Reliance-MTN deal looks like going the way of a sell-off for the Indian telco. Interestingly, a media report had suggested, quoting a source close to Reliance Communications (RCOM), that the deal would be neither an acquisition nor a merger. Then what is it? Probably, it is a sell-off for Reliance.If MTN picks up a stake (as being rumoured now) in RCOM, then that would trigger an open offer by the South African telco to the shareholders of RCOM. This would follow transfer of Anil Ambani s two-third equity stake in RCOM to MTN shareholders as a share swap which would give him around one-t...

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