Reliance Communications (RCom) has completed the sale of its Media Convergence Nodes (MCNs) and related infrastructure assets, worth Rs 2,000 crore, to Reliance Industries’ (RIL) telecom arm -- Reliance Jio Infocomm (Jio).
With successful completion of the MCN monetization transaction, 248 MCNs covering around 5 million sq. ft. of area used for hosting the telecom infrastructure stand transferred to Jio.
Rcom is India’s foremost and truly integrated telecommunications service provider.