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

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.

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3 Comments on "RCom Completes Securitization of Rs 1200 Cr Inter-City OFC Deal with Reliance Jio"

 

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weir
July 13, 2013 6:11 am 6:11 AM

I dont know it will ever come to solapur city

Esmail
July 12, 2013 12:24 pm 12:24 PM

I am more eager for the intra city fiber optic deal to come into action between the Ambani brothers, waiting to see quality FTTH services being launched in the metro cities by Reliance Jio at affordable rates, thats something I am looking forward to before the LTE launch by Reliance Jio. First quality wired broadband for the home, then quality wireless 4G once the device support scene gets more mature.

ewfa
July 12, 2013 1:08 pm 1:08 PM

Yes, we cant expect high speed mobile internet when we are still getting only decades old speeds on broadband.

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