Reliance Communications, India's third-biggest cellular carrier by customers, said on Saturday it is no longer in talks with Bahrain Telecommunications Company (Batelco) for selling a stake in its enterprise business unit.
India's Reliance Communications said it has disconnected from its network a mobile phone joint venture between Abu Dhabi-based Etisalat and India's DB Group over non-payment of fees for using its towers.
Indian billionaire Anil Ambani plans to increase his stake in Reliance Communications as the debt-laden telecoms company founded by his family edges towards a sale of its phone tower unit after a year of trying.
Reliance Comm has hired UBS
Emirates Telecommunications Corporation (Etisalat) is in advanced talks to buy a quarter of Indian mobile carrier Reliance Communications for Rs180 billion ($3.8 billion), a report said.
If the deal is finalised Etisalat will make an open
India's Reliance Communications is not in talks to buy a stake in Kuwaiti telecoms firm Zain, a spokesman for the Indian firm said on Monday.
Reliance Communications was not looking to buy Zain's African operations either, spokesma
Etisalat DB Telecom, a joint venture between Etisalat and Mumbai-based Dynamix Balwas Group, has signed a Rs10,000 crore ($2.2 billion) telecom tower sharing agreement with Reliance Communications.
Under the terms of the 10-year agreement,