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Reliance Communications - India - (Telecom Stock)
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sanuks
Veteran |
06-Jul-2012 10:59
Yells: "Dont jump on moving train, you will hurt yourself - JIM ROGE" |
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- Reliance Communications unit files IPO prospectus - Global Telecommunications Infrastructure Trust, the undersea cable unit of Reliance Communications controlled by Indian billionaire Anil Ambani, has filed a prospectus for a Singapore initial public offering, according to Bloomberg. GTI owns four subsea cable systems that carry Internet traffic and data, according to the document filed with the Monetary Authority of Singapore. The document does not say how large the IPO may be. The Indian mobile-phone operator may seek to raise as much as US$1.5 billion ($1.9 billion) in the sale, a person with knowledge of the matter said in January. |
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