REUTERS - Debt-laden Reliance Communications Ltd said on Friday its shareholders approved its asset sale plan, under which the telecoms carrier would sell its wireless assets to Reliance Jio Infocomm Ltd .
RCom said its debt and liabilities would reduce by about 250 billion rupees ($3.91 billion) via debt prepayment and transfer of its wireless assets to Jio, expected to close in March. http://bit.ly/2EvsChD
RCom said in December that it signed a deal to sell all its spectrum, tower, fibre optic and other telecom infrastructure assets to Jio, which is owned by Reliance Industries Ltd .
($1 = 63.8675 Indian rupees)
(Reporting by Jessica Kuruthukulangara in Bengaluru; Editing by Amrutha Gayathri)
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