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AT&T Eyeing Stake in Reliance Communication
CNBC, India is reporting that AT&T is talking to Reliance about taking an equity stake in Reliance Communications.
The benefits to AT&T would be:
- Presence in the worlds fastest growing wireless market
- Become a global player
- Possibly a lower cost engineering base
The benefits to Reliance:
- Capital infusion may help its highly leveraged balance sheet
- Strong global partner
You can read the CNBC story here.Related posts:
24 June 2009 in Rumors by Aman KapoorComment on this post
