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Deal with RCom not discussed at MTN AGM

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Press Trust of India Johannesburg
Last Updated : Jan 20 2013 | 9:23 PM IST

"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 said 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.

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