Deal with RCOM not discussed at MTN AGM

Shareholders of MTN stuck to the agenda at the Annual General Meeting and the negotiations with Anil Ambani Group firm Reliance Communications did not figure in.

Shareholders of the South African telecom giant MTN on Thursday stuck to the agenda at the Annual General Meeting and the negotiations with Anil Ambani Group firm Reliance Communications did not figure in.

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"Shareholders stuck to the agenda of considering annual report and Chairman Cyril Ramaphosa did not mention either Reliance or anything else... The Chairperson stuck to the agenda," MTN spokesperson Nozipho January-Bardill told PTI after the meeting.

Asked if the negotiations between MTN and RCOM for combining the business and the communication by Reliance Industries threatening legal action came up for discussion at the AGM, Nozipho said, "I am telling you only agenda items were discussed and nothing more.

"The agenda was circulated among the shareholders a few weeks back," she added

The AGM was being viewed with interest in India in the wake of Mukesh Ambani-led RIL's communication asserting that it had the first right of refusal on the majority stake in Younger brother Anil's group company RCOM, triggering a bitter battle between the two camps.