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July 07, 2008 18:25 IST
In the midst of legal issues raised against its negotiations with South African Telecom giant MTN for an amalgamation deal, Anil Ambani group firm RCOM on Monday offered to meet Reliance Industries [Get Quote], headed by Mukesh Ambani.
RCOM, however, said meeting will not be part of reconciliation.
In its offer, that comes days after RIL invoked the arbitration clause under the non-compete agreement and asked RCOM to start conciliation as part of the process, Reliance Communication proposed to meet 'RIL in week of 14th July to clarify any doubts'.
Debunking RIL's claim of right of first refusal as 'legally and factually untenable and misconceived, Reliance Communication, whose exclusivity agreement with MTN for talks, is coming to end on Tuesday, said the 'meeting is not part of conciliation or dispute resolution mechanism'.
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