Unconfirmed reports from Moneycontrol.com revealed that Anil Ambani from Reliance will be visiting Johannesburg to meet the top brass of MTN on Monday.
Economic Times also reports that the South African government on Wednesday said any merger deal between MTN and any other global telecom company would have to clear its regulatory processes. “We have business people keen on MTN and as long as they comply with regulatory approval it is fine,” South African Minister for Trade and Industry Rob Davis said when asked about the reports of Reliance Communications’ renewed interest in MTN.
Meanwhile, R-Comm is still in talks with Abu Dhabi’s Etisalat for selling a 26% stake.
