has held informal talks with India's
about having AT&T take a significant majority stake in Reliance, according to a published media report.
Advisers and officials of the two companies have communicated in recent weeks to explore such a deal, according to the report, published Sunday on
The Wall Street Journal's
Web site. The report cited anonymous sources familiar with the discussions.
The talks are still at a very early stage, the report said.
Reliance is a cellphone company backed by billionaire Anil Ambani.
Shares of AT&T closed Friday at $24.17.
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This article was written by a staff member of TheStreet.com.