AAA Com not party to RIL: ADAG

Mumbai, Jul 19 (UNI) Anil Dhirubhai Ambani Group's wholly-owned AAA Communications Private Ltd, which also holds a 63.38 per cent promoters stake in Reliance Communications Ltd, has claimed that it is not a party to any alleged Non-Compete Agreement dated January 12, 2006 with RIL.

After the sabotage of its USD 66 billion-deal with South African telecom giant MTN Group due to sibling-feud, Anil Ambani Group today clarified in a statement to estranged brother Mukesh Ambani group's Reliance Communications Ltd (RIL) that the alleged agreement between the two is ''in no situation binding on AAA Com''.

''AAA Com's shareholding in RCOM is not covered by any alleged Right of First Refusal to RIL,'' the group said.

''AAA Com is free to and shall deal with RCOM shares as it deems fit. RIL's actions are uncalled for, offensive and clearly motivated.

RIL's mala fide interference has caused significant harm to AAA Com as substantial RCOM shareholder,'' it said, adding, ''AAA Com reserves right to claim direct and consequential damages from RIL.'' UNI PP SSS SKB1951