Posted inIndiaSouth Asia

India’s richest man to rescue brother’s telecom firm

India’s richest man Mukesh Ambani has come to the rescue of his younger sibling Anil Ambani, by stepping in to bail out the latter’s debt-ridden Reliance Communications – agreeing to acquire its spectrum, towers, optical fiber network and other wireless assets. The two companies involved – Reliance Jio Infocomm and Reliance Communications – did not […]