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Jio may bid for RCom's India assets for Rs 18,000 cr: Report

Bharti Airtel has placed an offer of Rs 7,600 crore for the debt-ridden company's global assets, according to the report

BS Web Team  |  New Delhi 

Reliance jio

Mukesh Ambani-led Jio may bid for Communications (RCom) India assets for Rs 18000 crore, while has placed an offer of Rs 7,600 crore for the debt-ridden company's global assets, according to a report. has received non-binding bids from Jio Infocomm and Bharti Airtel, said the Economic Times report quoting a source. "The bids include Rs 10,000 crore for towers, optic fibre, network operating centre and data centres a well as Rs 8,000 crore for spectrum, including Rs 7,000 crore which are due to the government on milestones in the future (deferred spectrum)," the report says. Meanwhile, Sunil Mittal-owned has bid for the undersea cables and enterprise business of for Rs 7,600 crore ($1.2 billion), the report says.

First Published: Fri, December 22 2017. 12:25 IST
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