Debt laden Reliance Communications has signed a deal to sell its wireless assets to Reliance Jio Infocomm, for a total value of nearly billion that Reliance Communications, backed by businessman Anil Ambani, would sell all its spectrum, tower, fiber optic and other telecom infrastructure assets to . MUMBAI Reuters Anil Ambani s debt laden Reliance Communications Ltd RLCM.NS has signed an agreement to sell its wireless assets to Reliance Jio Infocomm Ltd [RELIB.UL], the telecoms arm of elder brother and billionaire Mukesh Ambani s oil conglomerate Reliance Industries Ltd RELI.NS , both the companies said in . NS has signed a deal to sell its wireless assets to Reliance Jio Infocomm for nearly billion rupees . billion , two sources familiar with the that Reliance Communications, backed by businessman Anil Ambani, would sell all its spectrum, tower, fibre optic and other telecom infrastructure assets to . New Delhi Reliance Jio Infocomm Ltd will buy a majority of the wireless assets of Reliance Communications Ltd RCom in a deal that will give the Mukesh to receipt of requisite approvals from government and regulatory authorities, consent from all lenders, release of all encumbrances on the assets and .
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RIL owned Reliance Jio Infocomm has emerged the front runner to acquire the assets of debt ridden Reliance Communications RCom . RCom has put its spectrum, towers .
Reliance Jio is said to be interested in acquiring Reliance Communications's RCom's optical fibre assets, spectrum and telecom tower infrastructure.
Mukesh Ambani led Reliance Jio Infocomm is likely to harvest synergy gains, reduced operating expenses and higher savings in tower rentals with the acquisition of the .
Aim to sell assets to repay , crore debt Mukesh Ambani's Jio may be interested in RCom's assets Promoters of the Anil Ambani led Reliance Communications .