RCom Completes Securitization of Rs 1200 Cr Inter-City OFC Deal with Reliance Jio

Follow Us

Reliance Communications has announced that the company has completed securitization of Rs 1200 cr inter-city OFC deal with Reliance Jio Infocomm. The inter-city fiber agreement between the two Ambani brothers' companies was signed in April this year.

Reliance Jio Infocom 4G LTEReliance Jio is being delivered the inter-city fiber links for few months already. The whole process will be completed within this financial year, as expected.  Reliance Jio is in the process to roll out 4G/LTE-TD services across the country. Expected roll out time is end of 2013. Delhi, Mumbai and Jamnagar are the first cities to get Reliance Jio's 4G services.




The securitization of the Rs 1,200 cr deal (US $200 million) was completed with Indian and foreign banks. Though official statement does not read which banks are involved in this process.

RCom says following the securitization the company will initiate repay the high Rupee loans with significant interest cost savings.

Recent Comments

Viren :

Yes..True said...I am also supporting the same. Use either BSNL or local person or anyone except jio/chortel...Support our economy. But…

Jio Launches 50-Days Free Trial Offer for New and Existing…

Siva , Tuticorin, TN :

using BSNL fiber since 2020 when lockdown starts., no major issues.

Jio Launches 50-Days Free Trial Offer for New and Existing…

Sarvan Kumar :

I am also using 399 plan from last 3 years no problem....using now skypro for iptv...no lag....bsnl is best for…

Jio Launches 50-Days Free Trial Offer for New and Existing…

TheAndroidFreak :

It's big, not everyone is able to claim that thing.

Vi's 5G Launch Timeline Confirmed, What You Should Know

shivraj roy :

yeah where i live andheri west mumbai ,they force postpaid on users which is so shit dude

Vodafone Idea Reports Rs 6,609 Crore Loss, Plans 5G Rollout…

Load More
Subscribe
Notify of
guest

3 Comments
newest
oldest most voted
Inline Feedbacks
View all comments