Behind every billionaire there is a story!

Ambani rivalry could scupper MTN deal

When billionaire businessman Anil Ambani announced his bid to gain a controlling foothold in South Africa’s MTN last month, some people instantly smelt trouble.

The planned reverse take­over of MTN, under which Mr Ambani will swap most of his majority interest Reliance Communications, in his mobile operator, for a near controlling stake in the South African group, would create a world-leading emerging markets telecoms operator.

read the rest published by FT here:

http://www.ft.com/cms/s/0/ec36b460-3bcb-11dd-9cb2-0000779fd2ac.html