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This story requires us to know why Mukesh Ambani is investing so much in yet one more telecom firm especially when there is already another firm named Reliance Communications. In 2002, when Dhirubhai Ambani died, there have been some major ownership issues between his two sons - Anil Ambani and Mukesh Ambani. It was his child all the way in which, while Anil Ambani was not even having a seat in its board of administrators. In 2010, as quickly because the non-compete settlement was scrapped , Mukesh Ambani purchased ninety six p.c stake in Infotel Broadband which had received 4G spectrum in all sectors in India. Later they renamed it to Jio, and started constructing fiber optic community across the nation.
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