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Reliance buys Flag for Rs 950 cr


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Sanjeev
Don't underestimate its importance...
by Sanjeev on Jan 13, 2004 08:10 PM

For somebody who has seen through the whole e-business boom and bust, the importance of Flag landing into an Indian hand is phenomenal. One should remember that Flag is not just any company, its one of those companies which drove the telecom boom, for good or worse. Flag carries a prestige much much more than the acquisition price.

For people interested in knowing what Flag actually means, I suggest the following link http://www.j-bradford-delong.net/OpEd/virtual/stephenson.html

And while you are at it, the site also carries an exceptional analysis of Indian economy by Prof DeLong.


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chanakya
The Eagle has landed.
by chanakya on Jan 13, 2004 12:59 PM

However, there are some landing problems that Ratan is creating for Mukeshbhai, for which they have got to sit together and sort out without undue interference from TRAI, DOT, FOT and shourie/pourie.

The Flag would need smooth landing facilites for making their shopping worthwhile.



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P.C. Antony
Fibre-Optic Cable
by P.C. Antony on Jan 13, 2004 10:32 AM

Dear Sirs,

This till will help India to move forward to fibre-optic trans-oceanic undersea connection, if the reliace group takes initiative.

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