MTN and Reliance Communication hang up after talks snap over valuation

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Express news service Tags : Business, IT news, Telecom Posted: Saturday , Jul 19, 2008 at 0342 hrs

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Wrong Number

• May 26: RCOM, MTN enter into exclusive merger talks

• June 13: RIL opposes RCOM move, claims first right of refusal

• July 3: RIL invites RCOM for mutual conciliation talks

• July 7: RIL, RCOM reject offer for talks

• July 8: RCOM, MTN extend exclusivity period till July 21

• July 17: RIL starts arbitration proceedings against RCOM

• July 18: RCOM, MTN end exclusivity period

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