Reliance to pay Infotel broadband spectrum fee -source

June 12, 2010 By Leave a Comment

June 11 (Reuters) – Reliance Industries (RELI.BO), India’s largest-listed conglomerate, will pay Infotel Broadband Services’ broadband spectrum fees, a source with direct knowledge of the matter said on Friday.

Energy | Telecommuncations Services

Unlisted Infotel Broadband Services is paying 128.48 billion rupees ($2.7 billion) for the spectrum, the government says, after it became the only firm to win broadband spectrum in all 22 zones in India in an auction that ended on Friday.

Reliance Industries said on Friday it agreed to buy Infotel for about $1 billion. (Reporting by Pratish Narayanan; Editing by Unnikrishnan Nair)

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Reliance Ind to buy 95 pct in Infotel for $1.03 bln

June 12, 2010 By Leave a Comment

June 11 (Reuters) – Reliance Industries (RELI.BO), India’s largest-listed conglomerate, said on Friday it will buy a 95 percent stake in Infotel Broadband Services for 48 billion rupees ($1.03 billion).

Energy

Unlisted Infotel Broadband Services is the only firm to win broadband spectrum in all 22 zones in India in an auction that ended on Friday. The firm is paying 128.48 billion rupees ($2.7 billion) for the spectrum, the government said. ($1=46.8 billion) (Reporting by Pratish Narayanan; editing by Surojit Gupta)

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Reliance Ind buys majority stake in Infotel-CNBC

June 12, 2010 By Leave a Comment

June 11 (Reuters) – India’s Reliance Industries (RELI.BO) has bought a majority stake in Infotel Broadband Services, CNBC TV 18 said on Friday, citing unnamed sources.

Energy | Telecommuncations Services

Unlisted Infotel Broadband Services is the only firm to win broadband spectrum in all 22 zones in India in an auction that ended on Friday. The firm is paying 128.48 billion rupees ($2.7 billion) for the spectrum, the government says. (Reporting by Pratish Narayanan)

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