Reliance Jio to buy out RCom’s wireless assets

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  1. Reliance Jio to buy out RCom’s wireless assets  Economic Times
  2. RCom: where bondholders see glimmer of hope, its investors are more optimistic  Livemint
  3. On father’s birthday, Mukesh Ambani gives Anil Ambani Rs 23000 crore relief  Times of India
  4. Full coverage

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MUMBAI | KOLKATA Mukesh Ambani led Reliance Jio Infocomm is poised to bail out younger brother Anil Ambani s debt ridden telecom business by buying the wireless assets of Reliance Communications RCom , having signed an accord that was announced on father Dhirubhai Ambani s th birth . 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 . Debt laden Reliance Communications has signed a deal to sell its wireless assets to Reliance Jio Infocomm, for a total value of nearly billion rupees $. billion , two sources familiar with the matter told Reuters on Friday.. 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 expected to contribute significantly to the large scale roll out of wireless and Fiber to Home and Enterprise services by RJIL Reliance Jio ," Jio said in the .







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