Committee of creditors extends RCom’s asset bid deadline by 10 days

NEW DELHI: Reliance Communications’ committee of creditors on Wednesday extended the deadline to submit bids for assets of the debt-ridden firm by another 10 days following a request from Reliance Jio, according to sources.

Bharti Airtel, Bharti Infratel and private equity firm Varde Partners have submitted their bids for assets of Reliance Communications, while Reliance Jio has sought extension of the asset sale deal deadline by another 10 days.

Airtel has placed conditional bid to buy spectrum of RCom while Bharti Infratel has submitted bids for mobile towers.