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| | MTN terminates Reliance Communications talks - Ambani brothers spat spokes deal By Examiner Staff @ Friday, July 18, 2008 12:01 PM
Section - Telecoms/Mobile | | | | Reliance Comms' talks with South African telecomms firm MTN have ended in tears, because brotherly love has got in the way.
According to the Wall Street Journal, the spat between the two Ambani brothers was the straw that broke the camel's back, because Reliance Industries (Mukesh Ambani) claimed it had first dibs on any deal that involved a change of status on Reliance Telecomms.
Both firms have confirmed the potential tryst is over. The WSJ story is here - subscription needed. X
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