7:00 AM -- With the "exclusive negotiations" period due to end on July 9, the M&A talks between India's Reliance Communications Ltd. (RCom) and South Africa's MTN Group Ltd. look to be coming to a head. (See Reliance, MTN in Talks and Reliance Family Feud Messes With MTN Merger.)

The latest speculation suggests Reliance might look to buy a stake in MTN, rather than opt for a full merger. Check out this report for more details.

— Ray Le Maistre, International News Editor, Light Reading