New Delhi : Reliance Jio Infocomm Limited (RJIL), a subsidiary of Reliance Industries Limited (RIL), on Thursday announced signing of a definitive agreement for the acquisition of Specified assets of Reliance Communications Limited (RCOM) and its affiliates.
Consequent to the agreement, RJIL or its nominees will acquire assets under four categories – Towers, Optic Fiber Cable Network (OFC), Spectrum and Media Convergence Nodes (MCN) from RCOM and its affiliates.
These assets are strategic in nature and expected to contribute significantly to the large scale roll-out of wireless and Fiber to Home and Enterprise services by RJIL.
An asset monetisation process for RCOM assets was mandated by the lenders of RCOM, who appointed SBI Capital Markets Limited to run the process.
The process is supervised by an independent group of distinguished industry experts.
