Mukesh’s Reliance Jio to acquire assets of Anil’s R-Com

Mukesh Ambani’s Reliance Jio (Jio) has secured the approval of the National Company Law Tribunal (NCLT) to acquire the tower and fibre assets owned by younger brother Anil Ambani’s Reliance Communications (R-Com) for Rs 3,720 crore.

Reliance Projects and Property Management Services, a subsidiary of Jio, will be acquiring Reliance Infratel (RITL) which has fibre assets of around 1.78 lakh route km and 43,540 mobile towers in the country.

RITL is the holding company for tower and fibre assets of R-Com.