New Delhi - India's Reliance Communications and South Africa's largest mobile phone network operator MTN on Wednesday said they were extending exclusive talks until July 21 to discuss a potential combination of their businesses.
MTN and Reliance Communications, India's second largest telecom company, started talks on May 26, that could create a 70-billion-dollar global wireless group with more than 115 million subscribers operating in about two dozen countries.
The 45-day deadline to work out details of a merger ended on July 8.
"RCOM and MTN have agreed to continue their negotiations in relation to such potential business combination, and have extended the period of exclusivity until 21st July
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