Reliance Communications completes sale of fibre assets to Reliance Jio

[Bapun]

Reliance Communications completes sale of fibre assets to Reliance Jio for Rs 3,000 crore

Reliance Communications has sold its optic fibre and related assets to Reliance Jio Infocomm for Rs 3,000 crore, marking another step in the beleaguered telco’s efforts to pare debt.

“With the successful completion of the fibre monetisation transaction, 1,78,000 kms fibre stand transferred to Reliance Jio,” Anil Ambani-led RCom said in regulatory filing Monday.