A family row has been blamed for the breakdown of M&A talks between one of India’s largest companies, Reliance Communications, and South Africa’s telecommunications giant MTN.
Talks of a tie-up were called off on 18 July because of what the companies described as “legal and regulatory issues”.
The failure of the deal may be related to a family row that caused the Reliance Group to be split in two in 2005 when brothers Mukesh Ambani and Anil Ambani decided they were unable to work together.
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