Mukesh Ambani's Telecom Venture - Pan India 4G / TD-LTE networkreliance tablet
Posted 25 May 2010 - 04:30 AM
In my opinion he may not and would enter into the financial sector, but he can't start a new bank since Reserve Bank of India will not give a license to an industry house. Maybe Mukesh will foray into Power sector?
Posted 25 May 2010 - 08:27 AM
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Posted 25 May 2010 - 05:39 PM
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Posted 25 May 2010 - 08:49 PM
Edited by P. K. Daga, 25 May 2010 - 09:03 PM.
Posted 25 May 2010 - 10:18 PM
Analysts were of the opinion that the scale of the OFC laying was very much like a pan India operators network.
Posted 28 May 2010 - 07:26 PM
Press Trust of India, May 28, 2010 - New Delhi
Within days of revoking a non- compete agreement that his group had with his younger brother Anil, RIL Chairman Mukesh Ambani is believed to have held a long-drawn-out discussion with telecom czar Sunil Mittal.
The meeting took place on the day Mukesh Ambani arrived in Delhi on May 26 to attend the Prime Minister's Council on Trade and Industry meeting.
A Reliance Industries spokesperson declined to comment either on the meeting or the discussions held, but a source said CII President Hari S Bhartia was also present.
The two Ambanis on May 23 decided to scrap a non-compete agreement reached by them in January 2006. But, they decided that Mukesh will keep out of gas-based power plants till 2022.
They had also announced that day that they would expeditiously negotiate a gas supply agreement in accordance with the Supreme Court order of May 7.
There is speculation that Mukesh Ambani could venture into the telecom sector soon and sources indicated that he could pick up stake in one of the Indian telecom players, particularly those who acquired licences in 2008.
Sources also said that Mukesh is talking to new licence holders including Videocon, which has pan-India licence and is looking for a partner to bring in capital to roll out services.
Mukesh had overseen setting up of the telecom business in the undivided Reliance empire (under the brand Reliance Infocomm), but the business went to younger brother Anil Ambani when the brothers decided to part ways in June 2005.
Anil has since renamed the telecom venture as Reliance Communications.
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