Reliance Jio likely to bag Reliance Infra’s mobile tower, optical fibre for ₹3,600 crore

NEW DELHI : Reliance Jio has emerged as the highest bidder for mobile tower and optical fibre assets of Reliance Infratel by placing bids of around ₹3,600 crore, according to banking sources privy to the development.

Bharti Airtel has placed a bid of around ₹1,800 crore for the same, according to the sources.

“Reliance Infratel’s tower and fibre is likely to go to Reliance Jio as its bid of ₹3,600 crore is the highest and the company has committed to make the payment in 60 days. Bharti Airtel has placed a bid of ₹1,800 crore for the same,” a banking source said.