Jio Readying for 5G With $750 Million Fund Raise
Reliance Jio is raising $750 million (approximately Rs 5,700 crore) via an offshore syndicated loan for funding the capex requirements, which will come for 5G. Multiple banks, including the State Bank of India, Bank of America, Credit Agricole, HSBC, along with three Japanese banks - MUFG, SMBC, and Mizuho might be syndicating the five-year offshore loan. According to the ET Telecom report, the loan agreement between the banks and Reliance... Read More