India: Reliance to buy controlling stakes in Hathway, Den Networks for $710m

India: Reliance to buy controlling stakes in Hathway, Den Networks for $710m

Mukesh Ambani. Photographer: Simon Dawson/Bloomberg

Indian oil-to-telecoms conglomerate Reliance Industries Ltd announced on Wednesday it will acquire controlling stakes in two local cable TV and Internet service providers, expediting the rollout of its new fibre broadband service.

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