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R Com Completes Sale Of Fibre Assets To Reliance Jio For Rs 3,000 Crore | Business Standard News

by business-standard.com posted 2months ago 12 views
Reliance Communications today said it has completed sale of its fibre assets and related infrastructure assets, worth Rs 3,000 crore, to Mukesh Ambani-backed Reliance Jio Infocomm (RJIO). "With successful completion of the fibre monetisation transaction, 1,78,000 kilometers fibre stand transferred to RJIO," Reliance Communications said in a BSE filing. Last week, Reliance Communications had completed the planned sale of its media convergence nodes (MCNs) and related infrastructure assets, worth Rs 2,000 crore, Reliance Jio Infocomm.

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