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Jio, Airtel to compete for RCom assets

Mukesh Ambani-owned Reliance Jio Infocomm and Sunil Mittal’s Bharti Airtel have shown interest in the assets of bankrupt Reliance Communications (RCom) and its Reliance Telecom and Reliance Infratel units. Around 10-12 firms have sent in their expressions of interest. Airwaves in 14 of India’s 22 telecom circles, about 43,000 telecom towers housed under Reliance Infratel and some fibre and real estate assets are up for sale. RCom’s licences for the 800 MHz 4G spectrum will expire in July 2021. 

Read More at The Economic Times News date : 5 Aug 2019, Monday

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