RCom extends asset sale deal to Jio to June

Wednesday 2 January 2019 | 09:23 CET | News
Indian operator Reliance Communications (RCom) said that the sale of its assets to Reliance Jio should complete once it gets all the regulatory approvals. These are in progress, the company added. The two companies have extended the validity period for the assets sale agreement to 28 June. Reliance Jio will be buying RCom towers, fibre, MCNs and spectrum assets. RCom earlier made a corporate guarantee to the Department of Telecommunications (DoT), so that it could get the authorisation it needed to sell spectrum and settle its debts. Approval was received on 30 November.

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Categories: Mobile & Wireless
Companies: RCom / Reliance Communications / Reliance Jio
Countries: India
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