2017 was the best of times and the worst of times for Reliance ADAG Chairman Anil Ambani. On one hand, his debt-ridden flagship company - Reliance Communications (RCom) - was forced to exit the wireless telecom business, while on the other hand, his executives were finally cleared of all wrongdoing in the 2G scam case. Here's a look at the impact that these two events will have on his fortunes, and his game plan for the future. RCom-Jio deal "For 10 years, 40 quarters, RCom showed EBIDTA (earnings before interest, taxes, depreciation, and amortization) growth, revenue growth, declared dividend, and then landscape changed in Indian telecom sector," Ambani told The Economic Times in his first media interview in 10 years. 2G verdict On December 21, 2017, Special CBI Judge OP Saini acquitted all the accused in three separate 2G scam cases lingering in courts for six years. And the Reliance ADA Group was, finally, vindicated. "No individual or corporation should undergo this humiliation
Loading...













