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Spokespersons of both RIL and RCOM declined to comment on the arbitration issue.
"The two sides were unable to conclude the transaction due to certain regulatory issues," RCOM said in a statement three days before the expiry of the extended agreement between MTN and ADA group firm for exclusive talks.
Meanwhile, sources said MTN has possibly started looking at Bharti Airtel, a Chinese company and a Russian entity for negotiations, but no confirmation could be obtained from the concerned corporate.


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