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Reliance Bets Big on 4G
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#1
Quote:Billionaire Mukesh Ambani, chairman of oil-to-textiles conglomerate Reliance Industries Ltd., on Friday placed a massive bet on the future of wireless broadband services in India.
He agreed to pay about $1 billion to acquire Infotel Broadband Services Pvt. Ltd., a company that won the rights to high-value radio spectrum in a government auction that wrapped up Friday.

With the move, Mr. Ambani will return to the telecom industry, which he left five years ago after splitting up the Reliance business empire with younger brother and rival Anil Ambani. At that time, the younger Mr. Ambani was given control of the wireless assets, now known as Reliance Communications Ltd., the nation's second-largest carrier in terms of subscribers.

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#2
Hmm good news . War started between Ambanis
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