Hotline: 1800 102 2007
X
Search Business Opportunities
Aug, 28 2018

Reliance Communications completes Rs 30 billion fibre assets sale to Reliance Jio

RCom said, “With successful completion of the fibre monetisation transaction, 1,78,000 kilometers fibre stand transferred to RJIO."

Anil Ambani-led Reliance Communications Ltd has completed the sale of its fibre assets worth Rs 30 billion to elder brother Mukesh Ambani-led Reliance Jio Infocomm Ltd. RCom said, “With the successful completion of the fibre monetisation transaction, 1,78,000 kilometres fibre stand transferred to RJIO."

RCom had last week completed the sale of its media convergence nodes and related infrastructure assets worth Rs 20 billion to Reliance Jio.

Reliance Communications had already reinstated bank guarantees worth Rs 774 crore with the telecom department ahead of the timeline set by the telecom tribunal and had said that its Rs 25,000 crore asset sale plans were on track.

The deal was inked between RCom and Reliance Jio in December last year, which involved the sale of wireless spectrum, tower, fibre and media convergence nodes.

Comment
image
Related opportunities
  • About Us: C.H.I.L.D an initiative of Mrs. Kavitha Chandra Mouli hasa..
    Locations looking for expansion Tamil nadu
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
  • Preschools
    About Us: GD Goenka Group, established in 1982, has had varied..
    Locations looking for expansion Delhi
    Establishment year 1982
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Juices / Smoothies / Dairy parlors
    About: We are a new-age startup with a vision to make..
    Locations looking for expansion Karnataka
    Establishment year 2013
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Mens Wear
    About Us : The company is in the clothing business since..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities