Flag Telecom postpones special meet to Jan 12

Flag Telecom has rescheduled its special shareholders meeting to vote on the amalgamation of Flag Telecom and Reliance Gateway from December 22, 2003 to January 12.

Flag has sought its shareholders' approval for the Reliance Gateway, a wholly owned arm of Reliance Infocomm, to acquire the firm in an all-cash deal for $ 211 million resulting in a price of $ 97.41 per share.