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Reliance Comm in $600m undersea cable venture

Alibaba joins consortium of investors that will foot half the bill

Anil Ambani, chairman of Reliance Communication, addresses a news conference at the company’s headquarters in Mumbai on Dec. 26, 2017.   © Reuters

MUMBAI -- Reliance Communications, which late last year exited the consumer telecom business as part of a group restructure, is investing $600 million to lay a 68,000km undersea cable spreading up to Italy and Hong Kong, with its partner China's Alibaba Group Holding and five others funding half of the project.

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