RCom completes sale of fibre assets to Reliance Jio for Rs 3,000 crore
Updated : August 27, 2018 10:58 AM IST
Reliance Communications (RJIO) on Monday said it has completed sale of its fibre assets and related infrastructure assets, worth Rs 3,000 crore, to Mukesh Ambani-backed Reliance Jio Infocomm (RJIO).
Last week, Reliance Communications had completed the planned sale of its media convergence nodes (MCNs) and related infrastructure assets, worth Rs 2,000 crore, Reliance Jio Infocomm.
The nodes' sale concluded represents the initial tranche of the planned, larger deal.