•  

  • AT&T Eyeing Stake in Reliance Communication..Update

    As we had reported earlier, we can confirm that the two companies are talking about AT&T taking a majority stake in Reliance Communications.

    One potential deal breaker is the first right of refusal that  Mukesh Ambani, older brother of Anil Ambani, head of Reliance Communications has on any potential sale.
    In 2006, the Reliance empire was split between the two brothers. As part of the settlement, Mukesh Ambani negotiated the first right of refusal. More from CNBC India here http://www.moneycontrol.com/india/news/cnbc-tv18-comments/att-seeks-clarityrils-first-refusal-rightr-comm/403662

    29 Jun 2009 in Events by Aman Kapoor

    		•
Existing MembersNew Members




Go to top