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RCom completes sale of fibre assets worth Rs 3,000 crore to Jio

27 Aug 2018 Evaluate

Reliance Communications (RCom) has completed the sale of its Fibre assets and related infrastructure assets, worth Rs 3,000 crore, to Reliance Jio Infocomm (Jio). With successful completion of the Fibre monetization transaction, 1,78,000 Kms fibre 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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