 "RCom, Reliance Jio terminate agreement for sale of telecom assets")
The deal between the two Ambani brothers, Anil and Mukesh, has fallen through as Reliance Communications (RCom) and Reliance Jio agreed to terminate the asset-sale agreement on Monday. RCom has cited delays in approval from the government and lenders as the reason.
In a statement on Monday, RCom said the agreements dated December 28, 2017, and August 11, 2018, entered into between RCom, Reliance Telecom (RTL), and Reliance Infratel (RITL), which constitute the RCom group, on the one hand, and Reliance Jio Infocomm, on the other, for the sale of specified telecom assets had been terminated by mutual agreement because
