Jio may bid for RCom’s India assets for Rs 18,000 cr: Report

Mukesh Ambani-led Reliance Jio may bid for Reliance Communications (RCom) India assets for Rs 18000 crore, while Bharti Airtel has placed an offer of Rs 7,600 crore for the debt-ridden company’s global assets, according to a report.

RCom has received non-binding bids from Reliance JioInfocomm and Bharti Airtel, said the Economic Times report quoting a source.

“The bids include Rs 10,000 crore for towers, optic fibre, network operating centre and data centres as well as Rs 8,000 crore for spectrum, including Rs 7,000 crore which are due to the government on milestones in the future (deferred spectrum),” the report says.

Meanwhile, Sunil Mittal-owned Bharti Airtel has bid for the undersea cables and enterprise business of Rcom for Rs 7,600 crore ($1.2 billion), the report says.