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RCom concludes sale of MCNs, related infrastructure assets to Jio

23 Aug 2018 Evaluate

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.

Peers
Company Name CMP
Bharti Airtel 1833.00
Vodafone Idea 13.20
Indus Towers 385.00
Tata Communications 1660.15
Railtel Corp. India 254.45
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