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telecoms

June 14, 2010

Mukesh Ambani, the second-generation head of Indian conglomerate Reliance Industries, announced on Friday that the business is to purchase a substantial stake in telecommunications company Infotel Broadband Services.

Mukesh Ambani, the second-generation head of Indian conglomerate Reliance Industries, announced on Friday that the business is to purchase a substantial stake in telecommunications company Infotel Broadband Services.
 
The acquisition puts Mukesh's company in direct competition with his brother Anil's Reliance Communications.
 

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