Billionaire Ambani Bails Out Brother by Buying Wireless Assets

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  1. Billionaire Ambani Bails Out Brother by Buying Wireless Assets  Bloomberg
  2. India’s Reliance Jio to buy all wireless assets of RCom  Reuters
  3. RCom-Jio deal: Bada bhai-chhota bhai join hands on father’s birthday  Economic Times
  4. Closing bell: Nifty closes lower on F&O expiry day; Metal, Realty indices gain 2-3%  Moneycontrol.com
  5. Full coverage



Billionaire Mukesh Ambani s Reliance Jio Infocomm Ltd. agreed to acquire spectrum, mobile phone towers and fiber assets of his brother Anil Ambani s Reliance Communications Ltd. helping the younger sibling cut debt at the embattled wireless carrier, the two companies said in separate exchange filings.. Shares of Anil Ambani s struggling wireless carrier extended this month s heady run up after his billionaire brother Mukesh agreed to buy the company s spectrum , mobile phone towers and fiber assets, providing a cash infusion that will be used to help stave off insolvency. The stock surged as much as . Billionaire Mukesh Ambani s Reliance Jio Infocomm Ltd. agreed to acquire spectrum, mobile phone towers and fiber assets of his brother Anil Ambani s Reliance Communications Ltd. helping the younger sibling cut debt at the embattled wireless carrier.. Shares of Anil Ambani s struggling wireless carrier extended this month s heady run up after his billionaire brother Mukesh agreed to buy the company s spectrum , mobile phone towers and fiber assets, providing a cash infusion that will be used to help stave off insolvency..







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