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Reliance Jio may bid for RCom’s India assets for Rs 18000 crore

Reliance Jio may bid for RCom’s India assets for Rs 18000 crore

New Delhi: According to the recent reports in Business world, Reliance Jio and Bharti Airtel both may bid for Reliance Communications assets in India for Rs 18000 crore and Rs 7,600 crore respectively for the debt-ridden company’s assets.

Economic Times reported RCom has received non-binding bids from Reliance Jio as well as Bharti Airtel.

“The bids include Rs 10,000 crore for towers, optic fibre, network operating centre and data centres a well as Rs 8,000 crore for spectrum, including Rs 7,000 crore which are due to the government on milestones in the future (deferred spectrum),” the report says.

The report also added, Bharti Airtel has bid for RCom’s undersea cables and enterprise for Rs 7,600 crore ($1.2 billion), BS Reported.