RIL buys Majority 95% Stake in Infotel Broadband

Reliance Industries has bought a Majority Stake in Infotel Broadband [ 95% Stake ] for Rs 4,800 crore.[exact total price info not yet available]

Infotel of Mahendra Nahata,  HFCL [ Himachal Futuristic Communications Limited ] which had BWA License for all circles in the BWA Auction which had Ended a few hours back after 16 Days of Auction

Infotel has to pay Rs 12,848 crore approx for the License it had won in the BWA Auction .

Govt. run operators BSNL & MTNL had already got the spectrum & has to match the highest bedder in the auction .

Two Slots were up for grab in the Auction for private operators

See BWA Auction RESULTS who won & Who lost

Mohammad Aamir

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