Mukesh Ambani’s Reliance Industries Ltd is preparing to apply for permission to set up a nation-wide broadband telecom network for internal (non-commercial) use.

The network will in part use the global system for mobile (GSM) standard for mobile communications, as well as the latest broadband wireless technologies like WiMax to support a number of business applications.

The idea behind the network, which may entail investments of up to $750 million in the long term, is to connect Reliance Industries entire set-up in the country onto a common intelligent backbone.

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