Sunday, 16 December 2018

RCom completes the sale of its fibre optic network to Reliance Jio

By Chris Kelly, Total Telecom
Tuesday 28 August 18

With the acquisition, Reliance Jio is perfectly placed to proceed with its JioGigaFibre roll out later this year

Indian telecommunications firm Reliance Communications (RCom) has completed the sale of its fibre optic network to Reliance Jio, in a deal worth around $4.2 billion. RCom has been looking to sell off its telecoms assets to alleviate spiralling levels of debt and the sale of its fibre optic network to Jio will go some way to balancing the company's balance sheet…

Indian telecommunications firm Reliance Communications (RCom) has completed the sale of its fibre optic network to Reliance Jio, in a deal worth around $4.2 billion. RCom has been looking to sell off its telecoms assets to alleviate spiralling levels of debt and the sale of its fibre optic network to Jio will go some way to balancing the company's balance sheet…

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