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Reliance Jio confirms deal to sell 130,000 towers to Brookfield for USD 3.7 bln

2019-12-16 14:00:00| Telecompaper Headlines

(Telecompaper) India's Reliance Industries has confirmed a deal to sell the towers network of its mobile unit Jio to Brookfield Infrastructure Partners. After a preliminary agreement in June, the companies announced a definitive contract for the acquisition of approximately 130,000 communication towers by Brookfield for USD 3.7 billion (INR 252.15 billion).

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