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Economy

Reliance Communications sells Rs 2,000 crore worth assets to Reliance Jio

Updated : August 23, 2018 01:13 PM IST

The company said 248 MCNs covering about 5 million sq.ft. of area used for hosting the telecom infrastructure were transferred to Reliance Jio.
RCom said in May it expected to sell assets worth Rs 18,100 crore to Reliance Jio and Canada's Brookfield, after the bankruptcy appeals court stopped insolvency proceedings against the cash-crunched company.
Reliance Communications sells Rs 2,000 crore worth assets to Reliance Jio
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