Financial Times FT.com

MTN could quit Reliance talks

By Tom Burgis in Johannesburg and Joe Leahy in Mumbai

Published: July 7 2008 03:00 | Last updated: July 7 2008 03:00

South Africa's MTN is considering walking away from a tie-up with Reliance Communications of India because of fears an acrimonious spat between the Indian telecom operator's owner and his brother could leave the deal open to legal action.

A person familiar with the talks yesterday said he expected MTN and Reliance to extend their exclusive talks for another two to three weeks after a 45-day period expires tomorrow.

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