Mukesh's Jio to acquire wireless assets of Anil's RCom
Mukesh Ambani's Reliance Jio has signed a binding definitive agreement with brother Anil Ambani-led Reliance Communications for purchase of its wireless infrastructure assets. Jio will get spectrum, fibre assets and over 43,000 towers. RCom, which announced a â¹39,000 crore debt reduction plan, said it will utilise the proceeds of this deal solely for pre-payment of debt to its lenders.