Reliance Jio is slated to get the tower and fibre assets of the bankrupt Reliance Communications RCom, housed under Reliance Infratel, with the Mukesh Ambani-led telecom company making the.

Mukesh Ambani-led Reliance Jio has emerged as the highest bidder for mobile tower and optical fibre assets of Reliance Infratel by placing bids of around Rs 3,600 crore, according to banking.

Mukesh Ambani’s Reliance Jio agreed to buy spectrum, towers and other wireless infrastructure of his young brother Anil Ambani’s Reliance Communications that’s selling assets to repay lenders.

The senior Ambani has been able to get a hefty discount of 40% to current market rentals for towers. Reuters Anil Ambani's Reliance Communications RCom is close to sealing a tower-sharing deal with elder brother Mukesh Ambani's telecom firm Reliance Jio Infocomm. Sources in the know of the.

27.09.2019 · Mukesh Ambani visit godrej waterside tower for review.

Mukesh Ambani’s Reliance Industries might revive its plans to purchase the assets of bankrupt Reliance Communications which belongs to his brother, Anil Ambani, according to reports. This March.

Mukesh Ambani's Reliance Industries RIL is likely to bid for the assets of brother Anil Ambani's Reliance Communications RCom during insolvency proceedings. Highly placed sources told BusinessToday.in that Reliance Jio, which is owned by Reliance Industries, is keen on acquiring RCom's airwaves and towers to boost its own telecom infrastructure before the roll out of 5G services.

Mukesh Ambani's Jio, Sunil Mittal's Airtel to bid for RCom's physical assets Description: The NCLT in May superseded RCom board and appointed a resolution to run the company and also allowed the SBI-led consortium of 31 banks to form a committee of creditors.

In a joint statement issued by RJIL and Tower Vision, the companies said that the deal is for sharing 8,400 towers of Tower Vision. It is the fifth tower-sharing agreement by Mukesh Ambani-owned Reliance Jio. Earlier, the company had tied up with Bharti Airtel, Reliance Communications, Viom Towers and ATC India.

Billionaire Mukesh Ambani-led Reliance Jio Infocomm Ltd will buy all the wireless assets of younger brother Anil Ambani’s Reliance Communications Ltd, the two companies said on Thursday. The deal involves RCom selling its telecom towers, spectrum, optic fibre network and.