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Rel Comm to sell wireless assets to Reliance Jio for debt reduction

Rel Comm to sell wireless assets to Reliance Jio for debt reduction
Author: ANI

Mumbai (Maharashtra) [India], Dec 28 (ANI): Anil Ambani led Reliance Communications Ltd. (RCOM) on Thursday signed a binding definitive agreement with Mukesh Ambani’s Reliance Jio Infocomm Limited (RJIO) for sale of valuable wireless spectrum, towers, fiber, and Media Convergence Node (MCN) assets to reduce its debt by Rs. 25,000 crore.


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