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R-Com, Jio extend terms of deal

Jan 02, 2019 - ICT Monitor Worldwide

Reliance Communications and Reliance Jio announced on Monday that they have extended the terms of an agreement for the sale of wireless assets of the Anil Ambani- owned firm.

The move comes at a time Reliance Communications spectrum sale deal has been hanging fire, pending requisite clearance from the telecom department.

Reliance Jio, a subsidiary of Reliance Industries Limited, extended the term of the definitive agreement for the acquisition of specified assets of Reliance Communic...