Vivendi Denies Reliance Talks

8:20 AM French giant denies M&A negotiations

June 25, 2010

1 Min Read
Vivendi Denies Reliance Talks

8:20 AM -- In the ongoing saga surrounding the potential sale of a stake in Indian operator Reliance Communications Ltd. , French giant Vivendi is the latest name in the frame, with local media reports suggesting that talks have been going on for about a month.

Vivendi, though, says it hasn't engaged in any such discussions, reports Reuters.

AT&T Inc. (NYSE: T) and Etisalat have also been suggested as interested parties. (See Reliance Lines Up Stake Sale.)

— Ray Le Maistre, International Managing Editor, Light Reading

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