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Telecom may soon be a monopoly: Anil Ambani

KOLKATA: Reliance Communications chairman Anil Ambani said the telecom sector may eventually become a monopoly, having been “creatively destroyed,” and thanked elder brother Mukesh for his “support and guidance” in challenging times. At the company’s 14th annual general meeting, Ambani said some 20 lakh jobs had been lost to continuing hyper-competition.

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