Jio and Airtel to bid for Reliance Communications physical assets

NEW DELHI: Reliance Jio and Bharti Airtel have expressed interest in bidding for physical telecom infrastructure of Anil Ambani-led Reliance Communications which is undergoing insolvency proceedings, a source privy to the development told PTI.

However, the two companies are not interested in buying spectrum held by RCom, the source said. The NCLT in May superseded RCom board and appointed a resolution to run the company and also allowed the SBI-led consortium of 31 banks to form a committee of creditors.