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/ 30 May 2008

Reliance, MTN eye stock swap

South African cellular giant MTN could pick up to a 74% stake in India’s Reliance Communications in a share-swap deal being discussed between the companies, an official said on Friday. "The stock swap is an option being considered at the moment," a Reliance official said on condition of anonymity.

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/ 29 May 2008

Reliance may pay premium for MTN control

India’s Reliance Communications is prepared to pay a significant premium for control of South African mobile phone group MTN, the FT Alphaville website said on Thursday. MTN and Reliance said on Monday they were in exclusive talks after India’s biggest mobile phone operator Bharti Airtel broke off talks.

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/ 26 May 2008

Reliance Comms in talks with MTN

Reliance Communications, India’s number two mobile operator, has entered into exclusive negotiations for a tie-up with the MTN Group, knocking its shares down 4%. Reliance was quick to fill a void left after its bigger domestic rival, Bharti Airtel, pulled out of talks at the weekend aimed at taking control of MTN.

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/ 24 May 2008

Bharti hangs up on MTN merger talks

India’s top cellular company, Bharti Airtel, on Saturday called off merger talks with MTN, branding the ownership structure proposed by the flagship South African mobile firm ”completely unacceptable”. The merger would have created the world’s sixth-largest mobile company with a network of 130-million subscribers.