AT&T denied that it’s in discussions with India wireless operator Reliance...
AT&T denied that it’s in discussions with India wireless operator Reliance Communications in a one-sentence statement. Published reports said the companies were holding preliminary talks about AT&T buying a minority share of Reliance. India’s wireless market is deeply flawed structurally,…
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Bernstein Research analyst Craig Moffett said. The country has a highly competitive market, and there are few synergies that AT&T could achieve with Reliance since the companies already enjoy huge scale in handsets and network equipment, J.P. Morgan Chase analyst Mike McCormack said. AT&T sold its 33 percent of Idea Cellular, an Indian telecom provider, in 2005, making any interest in owning a minority stake in Reliance “curious,” he said.