Reliance Communications Shareholders Approve Asset Sale Plan
RCom said its debt and liabilities would reduce by about 250 billion rupees ($3.91 billion) via debt prepayment and transfer of its wireless assets to Jio, expected to close in March
Photo Credit : Reuters,
Debt-laden Reliance Communications Ltd
RCom said its debt and liabilities would reduce by about 250 billion rupees ($3.91 billion) via debt prepayment and transfer of its wireless assets to Jio, expected to close in March.
RCom said in December that it signed a deal to sell all its spectrum, tower, fibre optic and other telecom infrastructure assets to Jio, which is owned by Reliance Industries Ltd.