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Reliance denies discussions with Maxis over Aircel

India’s second largest cellco by subscribers, Reliance Communications, today denied a newspaper report it was in talks with Maxis Communications to buy a controlling stake in the latter's Indian unit Aircel Cellular, according to Reuters. ‘There is no proposal or discussion for acquisition of either a controlling or minority stake in Aircel by Reliance Communications,’ a company spokesman said.(Telegeography)

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