WebSify
Follow us on
Mail
Print

RComm shares extend gains after telecom deal

Source : REUTERS
Last Updated: Wed, Apr 03, 2013 07:57 hrs
Investors watch share index at local share trading market in Chandigarh

Shares in Reliance Communications extended gains on Wednesday, a day after announcing a fibre optic network sharing deal with Reliance Jio Infocomm, a unit of Reliance Industries, which is widely seen as benefiting both companies.

Under the deal, Reliance Industries Ltd, controlled by Mukesh Ambani, will pay 12 billion rupees to younger brother Anil Ambani's Reliance Communications Ltd for use of its fibre optic network.

Reliance Communications shares are up nearly 5 percent as of 12:11 p.m.




blog comments powered by Disqus
most popular on facebook
talking point on sify finance