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RPT-UPDATE 2-Falling shares, Ambani feud could scupper MTN deal

Adds statements from Reliance Industries and Reliance Communications) By Rina Chandran MUMBAI, July 3 (Reuters) - India's Reliance Communications Ltd (RLCM.BO: ) has only days to reach an agreement for a tie-up with South Africa's MTN Group, but falling shares and a face-off between the Ambani brothers could scuttle a deal. Reliance Communications, controlled by Anil Ambani, is currently in exclusive talks with MTN to create a global 10 telecom company but this agreement ends on July 8. However, in mid-June Reliance Industries... [read full story]                    

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