Ending the suspense over status of their talks for a possible amalgamation, Anil Ambani-led RCOM and South African Telecom major MTN on Wednesday announced extending their exclusive negotiations till July 21.
"RCOM and MTN have agreed to continue their negotiations in relation to such potential business combination, and have extended the period of exclusivity until July 21," RCOM said.
"It is to be noted that there is no certainty either on completion, or the timing of the said proposal," the statement added.
The two companies had first announced start of a 45-day exclusivity period on May 26,