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RCom completes the sale of its fibre optic network to Reliance Jio

2018-08-28 02:00:00| Total Telecom industry news

Indian telecommunications firm Reliance Communications (RCom) has completed the sale of its fibre optic network to Reliance Jio, in a deal worth around $4.2 billion. RCom has been looking to sell off its telecoms assets to alleviate spiralling levels of debt and the sale of its fibre optic network to Jio will go some way to balancing the company's balance sheet…read more on TotalTele.com »

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Category:Telecommunications

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