Ambani foray into TV, telecom may rekindle rivalry with brother
Mukesh now plans to spend US$2b in 3 years to capture India's TV sets: sources
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Mumbai
INDIA'S richest man, Mukesh Ambani, is muscling into the country's cable TV sector as part of a media and telecommunications offensive that pits him against his once-estranged younger brother and threatens to shake up both industries.
He controls Reliance Industries, an oil-and-gas behemoth that is India's most profitable conglomerate. He is also now targeting India's consumers, taking steps most recently into telecom, where he has spent at least US$18 billion on 4G telecom brand RJio, due to launch this year.
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