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What is Reliance Industries going to do with the spectrum it has acquired? CNBC-TV18′s Siddharth Zarabi tries to find out details of what its strategy might be. The initial estimate for capex is not expected to be as intensive as 3G. Preliminary estimates suggest Rs 6,000-7,000 crore depending on usage of existing technologies and the [...]
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Mukesh Ambani owned Reliance Industries has bought 95% stake in Infotel Broadband for Rs 4,800 crore. Infotel Broadband will now be a subsidary of Reliance Industries. Shares of RIL have been buzzing of late on rumours of foray in the telecom sector. Unlisted Infotel Broadband Services is the only firm to win broadband spectrum in [...]
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