MTN may hold board meeting on Thursday to discuss RCom deal

News Flash

Madoff sons reported jewellery violations to U.S.
To seek $2.5bn worth damages from Kuwait for breaking deal
ISM Non Manufacturing Index at 40.6
Pending Home Sales Index down 4% to 82.3
Factory sales fell 5.3% in Nov, biggest drop on record
High price to affect 3G bids: Sunil Mittal
Not desperate to enter 3G: Akhil Gupta
Oil officers strike not to affect ONGC, Oil India output
PSU oil officers strike not to hit ops of most refiners
Crude futures higher; breaches $50/bbl in day trade
Urgent OPEC meeting to take place in Kuwait, in Feb
IL&FS Trust: Sold 24.52 million shares (3.6%) since Dec-23
47% of the current promoter stake pledged with lenders
Satyam promoters holding down to 3.60% vs 5.13% earlier
Oct-Dec crude steel output at 1.5MT, up 17% (YoY)
Tata Steel sales decline 14% to 1.07MT
India likely to send representative for OPEC meet in Feb
SRSR Holding's stake down to 3.5% vs 5.13% in Satyam
Goldman Sachs cut China GDP forecast to 6%
Saregama India gets into big budget film production
Weak Q3 earnings reflecting current stock prices
Crude futures higher;breaches $50/bbl in day trade
Urgent OPEC meeting to take place in Kuwait in Feb
Strike not to hit operations of most refiners
Strike not to affect ONGC, Oil India output
December exports to fall 1.6% (YoY): Sources
Apr-Dec exports at $130bn vs $113bn (YoY): Sources
India FY'09 export seen at $175bn: NW
Rupee closes at 48.69/$ vs 48.56/$ on Monday
Meet to discuss the demand supply situation: Sources

Updated: 08/07/2008 | 11:24 PM IST

Top Stories

Press Trust of India

Tuesday, July 08, 2008 (New Delhi)

Blog

Comments:

Read (0)

Post

Rate the story

Maintaining a stoic silence over the fate of its agreement for exclusive talks with India's Anil Ambani group firm RCom for an amalgamation deal, South African telecom giant MTN is likely to convene a board meeting on Thursday to discuss the issue.

Sources close to the development indicated that MTN could hold a board meeting to discuss the prospects of the possible deal, the 45-day exclusivity negotiations for which expired tonight, on July 10.

There was, however, no confirmation from either MTN or RCom on the status of the negotiations that could create an estimated 70-billion dollar combined entity, that has come into controversy following the legal issues raised by Mukesh Ambani-led RIL.