Who Will Acquire A Stake In Reliance? Is It Even Up For Sale?

Rumours of interest in a 25% stake in India's Reliance Communications by the UAE's Etisalat have seen the former's share rise as much as 10%. Reliance states that the rumours are just that, but Etisalat's chairman, Mohammad Omran, is believed to have confirmed the talks by stating the company is in talks with several Indian operators. South Africa's MTN is also understood to be interested, after earlier talks with both Reliance and its larger rival Bharti Airtel fell through.

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