RIL invites R-Comm for conciliatory talks: Srcs

Reliance Industries has written to Reliance Communications, and MTN boards again, sources said. It has invited R-Comm for conciliation talks as per 2006 non-compete agreement and asked for conciliatory meeting before formal arbitration process. It has also invoked the provision of dispute resolution contained in the agreement.

R-Comm said RIL's second letter is a sign of frustration and desperation, which is to treated with the same contempt as the first.

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