IPO
Reliance Communications - India - (Telecom Stock)
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- Reliance Communications unit files IPO prospectus -
Global Telecommunications Infrastructure Trust, the undersea cable
unit of Reliance Communications controlled by Indian billionaire Anil
Ambani, has filed a prospectus for a Singapore initial public offering,
according to Bloomberg.
GTI owns four subsea cable systems that carry Internet traffic and
data, according to the document filed with the Monetary Authority of
Singapore. The document does not say how large the IPO may be.
The Indian mobile-phone operator may seek to raise as much as US$1.5
billion ($1.9 billion) in the sale, a person with knowledge of the
matter said in January.
