Monday, October 24, 2005

What exactly is Reliance doing with FLAG?

Remember, a while back when RIL was still under Mukesh, it acquired FLAG Telecom for $210 million. What exactly is it doing with FLAG? At that time, there were these supposed synergies and how Reliance Telecom (which acquired a license to offer telecommunication services in the US) will fill those empty undersea submarine pipes with a lot of traffic. Things have changed since - a family squabble, a new CEO - but the pipes are still empty!


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