Business
Family Feud
By
Anil Ambani’s Reliance Communications bid for a multi-billion dollar tie-up with South Africa’s MTN is facing a challenge from his older brother Mukesh Ambani’s Reliance Industries, which claims it has the right of first refusal to a controlling stake in Reliance Communications.
Reliance Communications is in exclusive talks with MTN for a merger that would create one of the top-10 global telecoms. Reliance Communications denounced Reliance Industries’ claim to first refusal as “legally and factually untenable, baseless and misconceived.” |
