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Wednesday, September 8, 2010

Financial Times, Wall Street Journal 
RELIANCE TOWER DEAL FALLS APART
Reliance Communications’ crucial merger deal with GTL fell through on Monday, putting the telecom giant back at square one in its quest for new capital and debt-reduction, reports WSJ. Neither GTL nor Reliance explained the reason for the deal not being completed, but Reliance stated that it is now in discussions with other potential investors. 

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