Mukesh Ambani’s Reliance Jio may bag RCom’s tower and fibre assets

Reliance Jio is slated to get the tower and fibre assets of the bankrupt Reliance Communications (RCom), housed under Reliance Infratel, with the Mukesh Ambani-led telecom company making the highest bid of `3,600 crore for these assets, said sources close to the development.

Jio is understood to have beaten Bharti Airtel, which bid Rs 1,800 crore for tower and fibre business. Apart from making the highest bid, Jio has also committed to make the full payment in two months time, sources told FE.