Despite the feud between the Ambani brothers, a deal between local cellular giant MTN and India's Reliance Communications could be concluded by as early as this weekend.
The Wall Street Journal, quoting sources close to the deal, says the two companies "are getting very close to announcing the deal. If there are no last-minute disagreements, the announcement may come as early as Sunday or sometime next week."
The ongoing battle between Anil and Mukesh Ambani, the sources say, will be sidestepped.
"The deal will be worded in such a way that it will likely avert a lawsuit from being filed. But, in any case, [R-Com and MTN] are prepared to move forward and deal with the Mukesh Ambani challenge when and if it comes. Their lawyers are telling them it's an acceptable risk to take," one source told the WSJ.