i Develop Stocks Advisory

Merged Reliance, MTN Would Seek London Listing Reliance Communications Ltd., India's second-largest mobile-phone operator, is planning a secondary listing in London when its proposed merger with South Africa's MTN Group Ltd. is completed, the London-based Times reported. Reliance is in talks with MTN about forming a telecommunications company valued at about $70 billion, with 116 million subscribers, the newspaper said. The company formed by the merger would continue to be listed in Johannesburg and Bombay, the newspaper said, citing people close to the deal.