By Reuters

Reliance Globalcom, the international unit of India's Reliance Communications Ltd , is no longer up for sale and may raise debt or equity to fund its expansion plans, Globalcom's newly installed chief executive said.

The sale had long been mooted to help reduce debts at Reliance Communications, India's No.4 mobile operator, but Globalcom chief Bill Barney told Reuters: “There's no ‘For Sale' sign up on the company”.

Read more…