Jio takes $1 billion loan to pay Samsung for equipment
Reliance Jio has secured $1-billion worth of term loan covered by the Korea Trade Insurance Corporation (K-SURE) to fund network equipment purchase from Samsung Electronics and Ace Technologies. The facility is K-SURE's largest deal in India as well as the largest deal supported by it in telecom sector globally. The loan has a repayment time of nearly 11 years.