AT&T, the largest telecom operator in the
Wall Street Journal reported that Reliance is going to sale 26% stake which would enable the company to collect $1.8 billion at its current market value.
The decision of stake sales came after Anil Ambani, Chairman, Reliance Communications, and his brother, Mukesh Ambani, ended an agreement that forbade them from competing in each other’s business sectors.
Valued at $7.7 billion, Reliance Communications is currently the second largest mobile phone operator in
AT&T is currently, the second largest mobile phone operator in the U.S with a subscriber base of 87 million. The company is now looking to expand its business.
Bharti Airtel, the largest mobile phone operator in