Technology Industry

Industry: Email Alert RSS Feed
Comments

RCOM working out different combinations for MTN deal.(MERGERS AND ACQUISITIONS)(Anil Dhirubhai Ambani Group)(Reliance Communications and MTN Group)(Brief article)

India Telecom, June, 2008

India's second-biggest private telecom operator, Reliance Communications (RCom), is likely to allow its India-based minority stakeholders to swap their shares with South Africa's MTN at the same price as the ADAG (Anil Dhirubhai Ambani Group), which owns 66 percent stake in RCOM. The stakeholders, which own 23 percent stake in RCOM, will also have the choice of encasing their stake in the telecom operator by taking part in MTN's open offer.

RCOM is currently considering all sorts of options for its proposed deal with MTN which, if successful, would create a company with combined market capitalization of $66 billon having presence in 23 nations. According to sources, MTN is contemplating signing an agreement to acquire 74 percent stake in RCOM, with the deal...

Read the rest of this article with a Free Trial at HighBeam Research.
Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works. HighBeam Research
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:
  1. You are currently: a Guest |
  4.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
CXO UnpluggedSmart Business interviews on BNET

See and hear how senior level executives across the Asia Pacific are developing smart business ideas across a variety of sectors. The focus is on the future, and on how businesses need to evolve.

Brought to you by CBS MoneyWatch.com

advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement