India's RCom plans $2.7 bln asset sale to Jio, Brookfield: Reuters
India’s Reliance Communications expects to complete its asset sale to Reliance Jio Infocomm and Canada’s Brookfield Asset Management in coming weeks, after the bankruptcy appeals court halted insolvency proceedings against the debt-laden company, Reuters reported. The US$2.7 billion sale of wireless assets will include airwaves and mobile masts to Jio and Brookfield. Like other established Indian telecom companies, RCom has been hit by a fierce price war over the last year. It shut its mobile operations late last year.
30 May 2018•2 mins read
