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#1 Arun

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Posted 25 May 2010 - 04:30 AM

With the Non-compete Agreement scrapped couple of days ago between Mukesh Ambani and Anil Ambani, do you think Mukesh Ambani will give another shot at Telecommunications by starting a new telecom company?

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?
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#2 P. K. Daga

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Posted 25 May 2010 - 06:29 AM

He will definitely enter into telecom, sooner or later, may be takes over Videocon Telecom.
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#3 dkaile

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Posted 25 May 2010 - 08:27 AM

Yes, he will.... but it will be 2-3 years down the line; as he needs time to recuperate in financial wranglings...
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#4 me_saket

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Posted 25 May 2010 - 09:14 AM

might be buying loop mobile or S tel
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#5 prafull4u

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Posted 25 May 2010 - 09:26 AM

I dont think he is going to enter Telecom sector sooner..... Financial and infrastructure for sure

#6 atulaggarwal

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Posted 25 May 2010 - 10:24 AM

I don't think he would be entering Telecom, at least for quite some time.

But we should be ready for some big moves, one of the sectors may be entertainment... (he already has Mumbai Indian IPL Team)

Wat say?

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#7 ultapulta

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Posted 25 May 2010 - 11:45 AM

if he will enter the telecom market then he will not start from scratch.....
he will buy out a existing player.....

#8 @v@nit

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Posted 25 May 2010 - 01:56 PM

I don't think he will enter in Telecom market

Edited by @v@nit, 25 May 2010 - 01:56 PM.

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#9 csmart

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Posted 25 May 2010 - 03:08 PM

his looking at power and infra.. telecom may be later as too many players and doesnt make sense to enter now... and if he enters it will be surely thru buyout...

#10 chintan1

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Posted 25 May 2010 - 05:39 PM

I don't think he will start from scratch . He will either buy any existing Telecom company . BTW it was Mukesh's dream to start Reliance India Mobile (RIM) on ealry days . So he will surely venture in telecom market sooner or later .... :)
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#11 vishalmcp

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Posted 25 May 2010 - 06:40 PM

he may plan to buy existing players, also would plan to come in power or infrastructure.....

#12 parin

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Posted 25 May 2010 - 07:28 PM

With this COmpetition in communication business & margins going down day by day
i dont think its wise for Mukesh to enter here

Even than if he enters we people are going to benefited

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#13 P. K. Daga

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Posted 25 May 2010 - 08:49 PM

I have heard a pretty strong rumor that MDA group is going to invest 25000 crores in RCOM for a sizable share, Anil would still be the Chairman. Well this statement is even partly supported by this article

http://timesofindia....how/5966369.cms

Edited by P. K. Daga, 25 May 2010 - 09:03 PM.

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#14 vvinayakpai

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Posted 25 May 2010 - 10:18 PM

I really wish he enters into telecom. I remember reading an article a few years ago that he was setting up OFC all along the existing pipelines of RIL and RIIL. Anil Ambani had raised objections quoting the non compete agreement. The defense taken by Mukesh then, was that the OFC's were laid out to cater to the Reliance Retail Venture(something like a capitive venture), which was permitted by the earlier MoU.

Analysts were of the opinion that the scale of the OFC laying was very much like a pan India operators network.

#15 Arun

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Posted 28 May 2010 - 07:26 PM

Mukesh Ambani venturing into telecom?
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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