Having lost the battle for Hutchison Essar, Anil Ambani-controlled Reliance Communications is drawing up plans to invest up to $2.5 billion.
This would be company's second acquisition in the WiMax space. In February, the company had acquired a significant stake in a French WiMax chip manufacturer Sequans Communications. The financial details of the acquisition were not disclosed. Further, RCom will expand its reach across countries in the Saarc region, Mediterranean and other South African nations. RCom intends to provide high-speed broadband services, voice, video and data suite and 4G services.
According to reports, the deal, if successful, could fetch Hutchison as much as $14 billion and would be Asia's largest private equity deal.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Reliance Communications will invest $60 million in Saudi Arabia to connect the kingdom and other Gulf states with 53 countries around the globe on its fibre optic network and provide value-added services to its network users. \n\n
Foreign institutional investors have been allowed to invest up to Rs 5,400 crore (Rs 54 billion) in Reliance Communications through ADRs or GDRs.
If the apex court decides on a 15-year repayment tenure, it would pose a grave challenge for the debt ridden VIL.
The three undersea cable station owners were asked by Trai to submit the Cable Landing Station - Reference Interconnect Offer,' containing the terms and conditions, charges and time limit for providing access. Now, Trai has approved the RIO of four cable landing stations of VSNL in the country and one each of Bharti and Anil Ambani's Reliance.
After making its entry into the Bombay Stock Exchange's benchmark 30-share index Sensex in May
