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 The Fall of Anil Ambani
Too much ambition and wrong timing with failed gambles contributed to the fall of Anil Ambani.


2008 Financial Crisis
 With, 1.2 lakh crores invested in Reliance Power feeding to 13 projects of gas, coal and hydropower; the 2008 economic scenario did not favour the younger Ambani. With the government pressurising on lower electricity rates, he needed gas at affordable prices. Mukesh Ambani moved in to offer the same in lieu of waiver of non-compete. Taking a business minded decision, he agreed to the same.
Technological barrier of Reliance Communication
Anil Ambani had astronomical plans and hopes for Reliance Communication, but back in 2002, the company opted for CDMA ( Code Division Multiple Access) which had technology to support 2G and 3G but would be obsolete once 4G technology arrived. With the non-compete off the table, Mukesh Ambani was already working on his telecom project that is now known as Jio. Anil acquired GLT to develop the infrastructure which went bankrupt. To keep the company alive, he took debt. By 2016, the debt was unaffordable. In 2017, realising on time he decided to sell the business to Aircel and infrastructure to Brookfield. But, before the deal could go through, Aircel itself went bankrupt, in turn the Brookfield deal dependant on Aircel deal too fell through.
The last straw was Jio, which immediately led to loss of 8 lakh customers fromReliance Communication as soon as it launched.
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