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Nikkei Markets

Reliance Industries' media merger could preview wireless venture

Analysts say the move signals plan to float Reliance Jio IPO

Reliance has spent billions of dollars disrupting India's telecommunications market with its wireless venture Jio.   © Reuters

MUMBAI (NewsRise) -- Reliance Industries' move to consolidate its media and distribution businesses into unit Network18 Media & Investments could be a prelude to billionaire Mukesh Ambani's plan to rope in an investor for the wireless business.

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