R-Com sells optical fibre assets to Jio

Mumbai: Anil Ambani-led Reliance Communications (R-Com) on Monday said it had completed the planned sale of its optical fibre assets worth Rs 3,000 crore to Mukesh Ambani-backed Reliance Jio Infocomm (R-Jio).

The announcement marks the wrapping-up of yet another portion of a larger deal inked between R-Com and Reliance Jio in December last year that involved the sale of wireless spectrum, tower, fibre and media convergence nodes.

In all, the mega deal packed in 122.4 MHz of 4G spectrum in the 800/900/1800/2100 MHz bands, over 43,000 towers, 1,78,000 kilometres of fibre and 248 media convergence nodes for an estimated price tag of Rs 25,000 crore.

"Reliance Communications on Monday announced the completion of the sale of its fibre assets and related infrastructure assets worth Rs 3,000 crore to Reliance Jio," Reliance Communications said in a BSE filing today.

With the conclusion of the fibre monetisation deal, 1,78,000 kilometres fibre stand transferred to R-Jio, which is gearing up to offer ultra high-speed fixed line fibre broadband to homes and enterprises across 1,100 cities.

Last week, R-Com had announced the completion of the sale of its media convergence nodes (MCNs) and related infrastructure assets, worth Rs 2,000 crore to Reliance Jio Infocomm.

Reliance Communications (RCOM)