Airtel, Reliance Jio submit bids for assets of bankrupt RCom

NEW DELHI : Reliance Jio Infocomm Ltd and Bharti Airtel Ltd on Monday submitted bids for assets of bankrupt Reliance Communications Ltd and its two units, two people aware of the matter said.

Monday was the last day for submitting bids, 10 days after insolvency resolution professional Anish Niranjan Nanavaty of Deloitte India extended the previous deadline.

Airtel and Bharti Infratel, which had earlier bid together for RCom, are likely to have bid jointly again. That bid was withdrawn in protest against the deadline extension made on the request of Reliance Jio.