Thursday, April 19, 2012

Mukesh Ambani plans mega-server of content

Mukesh Ambani.
Varada Bhat and Arijit Barman in Mumbai

Reliance Infotel is looking at creating a mega-server of broadband content for his 4G customers.
Network 18-Eenadu is just the beginning of a bigger data and video strategy. The primetime newsmaker will now become the creator of news himself.

After months of speculation and closed-door dialogues, Mukesh Ambani is finally making a big-bang diversification into media via a complicated series of transactions that will eventually see his flagship Reliance Industries control a significant chunk of two of the leading media houses in the country - the Raghav Bahl-promoted Network 18 Group and the Eenadu Group, run by Hyderabad based Ramoji Rao.

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