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Reliance Jio Bids Rs 3,600 Crore For RCom Tower, Optic Fibre Assets: Exclusive
Reliance Jio has submitted the highest bid for the telecom tower and optic fibre assets of Reliance Communications.
11 Dec 2019, 01:51 PM IST
Mukesh Ambani-owned Reliance Jio Infocomm Ltd. has submitted the highest bid for the telecom tower and optic fibre assets of Reliance Communications Ltd. under the insolvency process, according to two people familiar with the matter.The tower and fibre assets are owned by Reliance Infratel Ltd., a subsidiary of Reliance Communications Ltd., which is undergoing insolvency proceedings. The debt owed to lenders against these assets is a...
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