LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

CCI clears RCom's plans to sell infra assets to Jio

CCI has approved the acquisition  of RCOM's towers, optic fiber cable, right to use spectrum and media convergence nodes by RJio

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
CCI clears RCom's plans to sell infra assets to Jio
Mukesh Ambani-led Reliance Jio had signed a pact to acquire the mobile business assets that include spectrum, mobile towers and optical fibre network of RCom-owned by his younger brother Anil Ambani. Image source: PTI
Written By: PTI
Updated: Sat, Mar 10, 2018
01:14 pm
PTI

Debt-laden Reliance Communications' (RCom) proposal to sell infrastructure assets including towers, optic fibre cable and spectrum to Reliance Jio has been cleared by the Competition Commission of India (CCI).
"@CCI_India approves acquisition of RCOM's towers, optic fiber cable, right to use spectrum and media convergence nodes by RJIO," the anti-trust regulator tweeted.

In December 2017, Mukesh Ambani-led Reliance Jio had signed a pact to acquire the mobile business assets that include spectrum, mobile towers and optical fibre network of RCom-owned by his younger brother Anil Ambani. While neither Jio nor RCom had divulged the size of the deal, sources have pegged the transaction value at Rs 18,000 crore.

RCom statement, at that time, had said the deal packs in 122.4 MHz of 4G spectrum in the 800/900/1800/2100 MHz bands, over 43,000 towers, 1,78,000 kilometres of fibre and 248 media convergence nodes.

At the time of the deal announcement, the companies had also said that the transaction is likely to be completed in a phased manner by March 2018. However, an arbitration panel in an interim order recently, has restrained RCom from asset sale or transfer, without its "specific permission".

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Reliance Communications' (RCom)Reliance JioMukesh Ambani
RELATED NEWS

LATEST NEWS

Gold Price Today – Yellow metal cheaper by Rs 160 on Thursday; Silver by Rs 18; Know what to expect today

7th Pay Commission: DA, TA, DR, salary hike—what central government employees and pensioners must know

Nureca IPO Listing Today: Stock lists at a premium; Anil Singhvi reveals complete investment strategy, stop-loss and more

Mid-cap Picks with Anil Singhvi: Hemang Jani picks Canfin Homes, Granules India and AU Small Finance Bank for good returns

Nureca IPO Listing Today: Anil Singhvi's strategy brings handsome gains for investors as stock sees bumper listing

TikTok owner ByteDance to pay $92M in US privacy settlement

Nureca Share Price: Investors are extremely happy with Nureca IPO listing gains

Britannia Industries share price: Sharekhan recommends Buy with an unchanged price target of Rs 4200

RailTel IPO Listing today: Great expectations from share price on debut

7th Pay Commission: Salary up to Rs 1.77 lakh plus DA, HRA; check details at nta.nic.in - Delhi University Recruitment 2021

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved