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Saturday, Dec 07, 2019

RIL hits back; deplores RCOM's double standard

Sources close to RIL dare RCOM and MTN, to make their legal position clear on RIL's claim on Right of first refusal.

business Updated: Jun 15, 2008 21:20 IST

PTI
Hindustantimes
         

Hitting back for "twisting facts" on the demerger agreements signed by group companies of Ambani siblings, elder brother Mukesh's side accused Anil Ambani group of "double standard and double speak".

Charging the Anil Ambani group of "taking things out of context and misrepresent agreements between two groups", sources close to Reliance Industries dared RCOM and South African Telecom giant MTN, who are in negotiations for an amalgamation deal, to make their legal position clear on RIL's claim on Right of first refusal.

"It is surprising that even after receiving a legal written letter from RIL, both RCOM and MTN have not replied back stating their legal position," the sources said.

When contacted, RIL spokesperson declined to comment on the ongoing controversy over the negotiations between RCOM and MTN for a possible 70 billion dollars merger deal, while an RCOM's spokesperson said that a reply was sent to RIL on Saturday.