Reliance Comm in loan talks with China's CDB: source

January 12, 2012 | FINANCE

HONG KONG/MUMBAI (Reuters) – Reliance Communications , which has a $925 million convertible bond maturing in March and has failed so far in efforts to sell its tower unit, is in talks with China Development Bank for a loan to redeem the bond, a person with direct knowledge of the matter said. India's second biggest mobile operator by subscribers, controlled by billionaire Anil Ambani, has been …
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