RCom is believed to have initiated talks with MTN Group

RCom is believed to have initiated talks with MTN Group, South Africa's largest telecom operator, even as Bharti Airtel decided to pull out of the negotiations citing differences with the management. Reliance is among the four telcom companies that have shown an interest in MTN. Russian telcom company Vimpel Communications, European major Deutsche Telecom and UAE telecom giant Etisalat are the other suitors that have announced their interest in bidding for the South African company. This is the second attempt by RCom to acquire MTN Group. RCom Chairman Anil Ambani had met Nhleko last year, but the talks were not successful.