Deals
AT&T Plans Mukesh Ambani Reliance Jio Stake: Times of India
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AT&T Inc. plans to buy a bit more than 25 percent of billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd. for $3.5 billion, the Times of India newspaper reported today, without saying where it got the information.
The deal may be the largest foreign direct investment in India and would value the yet-to-start telecommunications company at $14 billion, the report said.