MTN may look at other Indian telcos: Reports

The analyst added that "India had other small and regional operators that would make suitable targets for MTN."     

MTN is likely to pursue other operators in India, after its talks with Reliance Communications (RCom) to create a $70-billion telecoms company were cancelled on Friday, Business Report said.    

MTN began exclusive talks with billionaire Anil Ambani-led Reliance Communications in the last week of May after the South African firm's discussions with another Indian player Bharti Airtel fell apart.    

However, RCom and MTN called off their talks citing certain regulatory and legal issues last Friday.    

Another South African financial daily Business Day quoted an MTN spokesperson as saying that "MTN will always look at what we call value-enhancing opportunities for shareholders and for the company, and that's what we will continue to do."     

As part of our vision we want to be a leading provider of telecoms services in emerging markets," the spokesperson added.