According to our correspondent Yangfan, a person familiar with the situation, the company (Reliance) is in talks with US telephone and Telegraph Company (AT&T) on a possible share sales deal, and if the deal is reached, telecoms giant telephone and telegraph company will have a minority stake in the Reliance Communications company. People familiar with the matter said that managers and advisers in two companies had contacted each other in the past few weeks, although the talks took an informal form and were at an early stage. This March 16, Reliance Communications said the total number of mobile users exceeded 100 million, becoming the country's second, the world's fourth-largest mobile operator. For the total number of users to break the 100 million mark, Anil Amban, chairman of the Anil Group, said: "As a young operator, more than 100 million of the number of mobile users of Reliance is landmark." Next, we will continue to work hard to reach 200 million users, and continuously introduce more innovative business and services to customers. However, Reliance Telecom has been saddled with heavy debt because of its push to 3G services. June 6, Reliance Communications announced that the board has agreed to sell up to 26% of the shares, according to the current market value of about 2 billion U.S. dollars, but the reliance on the company does not disclose the specific time and detailed plans for the sale of shares. As the near-saturated domestic market limits the company's future growth, US telephone and telegraph companies are actively looking for opportunities to expand international markets.
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