Jio to hive off fibre, tower assets into separate companies
Mukesh Ambani-led telecom operator Reliance Jio on Tuesday said its board has approved schemes to spin off the company's fibre and tower assets to separate entities. Jio has over 3 lakh kilometres of optic fibre network across the country. It had announced in December last year that it would take over Anil Ambani-led Reliance Communications' towers and other related infrastructure.