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This is an archive article published on June 2, 2010

RCom doesn’t deny Etisalat’s $3.8 bn offer

Reliance Com said it has been receiving proposals from time to time from international telecom companies.

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Reliance Communications said on Wednesday it has been receiving proposals from time to time from international telecom companies expressing interest in acquiring a strategic equity stake in it.

The company evaluates such proposals,in line with the company’s policy to constantly endeavour to enhance overall shareholder value,the No. 2 Indian telecoms firm said in a statement to the stock exchange.

Earlier,a newspaper report said Abu Dhabi’s Etisalat was in advanced talks to buy a quarter of Reliance Communications for 180 billion rupees ($3.8 billion).

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