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FLAG Submarine Cable Network Still For Sale

By SubTel Forum

Business Times is reporting that India’s Reliance Communications has found few callers for a package that includes its prized FLAG submarine cable network.  Reliance’s biggest global assets have been up for sale for more than a month, and sources close to the deal said Reliance Comm had already extended an initial deadline of late-January for submissions once, but had still attracted little interest for the deal seeking US$3 billion.

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