
Mukesh Ambani’s Reliance Jio
announced a deal on Thursday to acquire younger brother Anil Ambani-owned
Reliance Communications’s (RCom’s) wireless infrastructure assets, including
towers and spectrum, at an estimated price of Rs 20,000-24,000 crore. The historic
deal between the brothers came on their father Dhirubhai Ambani’s 85th birth
anniversary.
The two companies have signed
binding agreements and the proceeds would be used to pre-pay RCom’s...