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India’s billionaire Ambani brothers slug it out in telecom row

India’s billionaire Ambani brothers are battling again — this time over a blockbuster deal being negotiated by the younger sibling Anil to create an emerging-market telecoms behemoth.

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The long-simmering feud flared anew last week when older brother Mukesh Ambani, head of Reliance Industries Ltd, India’s biggest private firm, told South African telecom giant MTN he had first right of refusal to buy a controlling stake in Anil’s Reliance Communications.

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http://www.todayonline.com/articles/259702.asp