Bharti Airtel submits Rs 9,500 cr bids for RCom assets

Telecom operator Bharti Airtel has submitted conditional bids of around Rs 9,500 crore for debt-ridden Reliance Communications’ telecom assets, including spectrum, mobile towers and optical fibre, according to an industry source.

Along with Bharti Airtel, VFSI Holdings Pte Ltd and UV Asset Reconstruction Company Limited have submitted their bids.

“Bharti Airtel seems to be the highest bidder with bids of around Rs 9,500 crore. However, the final result will be known on Friday after the committee of creditors (CoC) opens all the bids,” the source said.

E-mail query sent to Bharti Airtel did not elicit any reply.