TeleGeography Logo

MTN Group, Reliance suspend tie-up talks

10 Jul 2013

South Africa’s MTN Group and Reliance Communications of India have placed negotiations over a potential strategic tie-up on hold, Bloomberg reports, citing three people with knowledge of the situation. One of the sources has suggested that MTN is sceptical about the ‘industrial logic behind a deal at a time when India is revising its telecoms mergers and acquisitions rules’. Although the negotiations have not been officially confirmed, another source familiar with the matter has claimed that MTN was considering acquiring a 24% stake in Reliance, worth in the region of USD1.2 billion.

India, South Africa, MTN Group, Reliance Communications (RCOM)

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.