Ambani brothers' companies will share fiber networks in India

04/2/2013 | Wall Street Journal, The

Anil Ambani and Mukesh Ambani, billionaire brothers who feuded over their business interests after the death of their father, have agreed that their separate telecommunications companies will share access to fiber-optics networks in India. Under the deal, the Reliance Jio Infocomm unit of Reliance Industries will pay $221 million to Reliance Communications, the third-largest telecom in India.

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Wall Street Journal, The

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