While Reliance Communication (RCom) is in legal trouble over its proposed sale of its asset to RJio to pay its debt, Sistema JFSC has offered $1.2 billion (Rs 7,800 crore) to buy its remaining assets; this is part from $300 million that Reliance Communications owes Sistema.
Sistema, the Russian company, is aiming to fully buy out RCom, but going the slow way; recently, it made a bid for RCom’s undersea cables, data centres and domestic enterprise business.
As per industry analysts, RCcom’s asset could be valued at $2 bn. This sale would be the last of Anil Ambani’s association with telecom sector.
Source: http://cablequest.org/index.php/news/telecom-news/item/12550-sistema-offers-$1-5-bn-for-remaining-assets-of-rcom
As per industry analysts, RCcom’s asset could be valued at $2 bn. This sale would be the last of Anil Ambani’s association with telecom sector.
Source: http://cablequest.org/index.php/news/telecom-news/item/12550-sistema-offers-$1-5-bn-for-remaining-assets-of-rcom
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