Reliance Jio emerges as front-runner to buy RCom's tower assets: Reports
Mukesh Ambani's Reliance Jio has emerged as frontrunner to buy Anil Ambani's Reliance Communications' tower assets, sources tell ET Now. Notably, RCom has announced to reduce its debt by monetising the assets of its wireless business. Reliance Jio has piped companies like ATC India to become the front-runner in purchasing RCom tower assets. RCom’s asset monetisation drive is expected to conclude by March 2018. The total debt of RCom is Rs 45,000 crore.
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