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Mukesh Ambani, chairman and managing director of Reliance industries, arrives to address the company's annual general meeting in Mumbai, India July 5, 2018.(REUTERS FILE PHOTO)

Mukesh Ambani and Sunil Bharti Mittal consider competing for stake in TV network

By Bloomberg
UPDATED ON APR 04, 2019 07:29 PM IST
Billionaires Mukesh Ambani and Sunil Bharti Mittal are considering competing bids for a stake in a troubled Indian television network, people with knowledge of the matter said, as their telecom carriers race for content in the world’s second-biggest mobile market.
To withstand Ambani’s triple play of carriage, content and commerce, Sunil Mittal (pictured here) will need to offer customers more than free Netflix.(Pradeep Gaur/Mint)
To withstand Ambani’s triple play of carriage, content and commerce, Sunil Mittal (pictured here) will need to offer customers more than free Netflix.(Pradeep Gaur/Mint)

Sunil Mittal’s Bharti Infratel tower deal tells Ambani he’s no walkover

Bloomberg | By Andy Mukherjee
UPDATED ON APR 26, 2018 04:48 PM IST
Sunil Bharti Mittal is making his intention clear: He wants to monetize his real estate to invest in the battle against Reliance Jio Infocomm Ltd.
Mittal-controlled Bharti Airtel Ltd., which sold its first-ever rupee bond of Rs 30 billion last month, has approval to raise Rs 165 billion, according to a March 12 filing.(Anindito Mukherjee/Bloomberg)
Mittal-controlled Bharti Airtel Ltd., which sold its first-ever rupee bond of Rs 30 billion last month, has approval to raise Rs 165 billion, according to a March 12 filing.(Anindito Mukherjee/Bloomberg)

Mukesh Ambani and Sunil Mittal building $6 billion war chest in India’s telecom tussle

Bloomberg | By Bhuma Shrivastava and Divya Patil, Bloomberg
UPDATED ON APR 04, 2018 12:40 PM IST
The fundraising amount -- about 78% of the total outstanding bonds of India’s top four telecom firms -- signal that Airtel and its rival Jio are looking at about Rs 320 billion of debt due in the next five years.
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