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Vol 1 (AAC) No 8

Published 1st June 2008


South Africa

Family feud

Telecoms companies are dreaming in Africa

South Africa's mobile telephone giant MTN risks losing its second Indian suitor as a schism in India's richest family could prevent the deal's signing. A merger between the US$38 bn. MTN and $28 bn. Reliance Communications, India's second largest mobile operator, would spawn the world's fourth largest mobile telephone group after China Mobile, Vodafone and China Unicom. If successfully concluded, it would have over 116 million subscribers in India, Africa and the Middle East.

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