Anil Ambani seeks to sell control of Reliance Communications
Anil Ambani's Reliance Communications (RCom), which is selling its wireless assets to Jio, is negotiating with two investors to sell a controlling stake in the residual business. RCom CEO Bill Barney said the suitors will look for either a 100% buy or at least a controlling stake. The residual business comprises undersea cable system, data centers and business-to-business connectivity services.