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RIL may have to acquire RCom for telecom success
This article was posted on Jun 19, 2011 and is filed under Market News
In its pursuit to become a leading player in telecom space, Mukesh Ambani-led Reliance Industries group may have to acquire younger brother Anil-run Reliance Communications (RCom), a report has said.
RIL’s proposed re-entry into telecom sector is currently limited to broadband wireless business and it might have to acquire “one or more extant telecom operators” in the voice segment, brokerage firm Kotak Institutional Equities said in an equity research report on Reliance Industries.
The report further said that the acquisition route might also not be much value-accretive, unless RIL can acquire RCom, which became part of the Anil Ambani group as part of a family settlement between the two brothers in 2005. For more visit: Business-Standard
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