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RComm shares jump after MTN deadline ends
Mumbai: Shares in Reliance Communications jumped as much as 7 per cent on Wednesday with investors speculating a deal with South Africa's MTN Group had fallen through. Reliance Communications and MTN had set themselves a July 8 deadline for exclusive talks on a business combination which might create a top-10 global telecoms firm but the deadline passed with no statement from either side. "Investors

MTN shareholders disappointed over lack of clarity

Amid continued acrimony between the Ambani brothers over a deal with MTN, disappointment has set on shareholders of the South African telecom major as exclusive talks for a possible transaction are dr

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RCom-Reliance officials to meet on MTN issue

Reliance Communications has offered to meet Reliance Industries, which has staked a right of first refusal on its shares, a source close to the development said a day before a deadline for its exclusi

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MTN, Reliance may extend talks

South African mobile phone operator MTN Group Ltd and India's Reliance Communications Ltd may continue their tie-up talks beyond Tuesday's deadline, The Wall Street Journal reported on Sunday.

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Ambani feud may scuttle RCom-MTN deal

Reliance Communications Ltd has only days to reach an agreement for a tie-up with South Africa's MTN Group, but falling shares and a face-off between the Ambani brothers could scuttle a deal.

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ADA seeks SEBI probe, flays RIL

Anil Dhirubhai Ambani Group has sought the Securities and Exchanges Board of India (SEBI) to probe into price hammering of Reliance Communications (RCom) scrips and other group company stocks.

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