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Provider: News Bites Pty Limited
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Provider: Reuters Investment Profile
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Reliance Industries Ltd May Buy $1 Billion Telecoms Gear From Samsung-Reuters
Reuters reported that Reliance Industries Ltd is likely to buy more than $1 billion worth of fourth-generation (4G) telecoms network gear from Samsung Electronics, the Economic Times reported on July 29, 2012. Reliance's talks with Samsung are at an advanced stage for supply of LTE network gear and that the two companies have also discussed potential bundling of 4G handsets and devices supply deal within the contract.
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