RCOM and Reliance Jio terminate multi-crore wireless infrastructure asset deal by mutual consent

Reliance Communications (RCOM) just announced that the deal between  RCOM, RTL, RITL (RCOM Group) and RJIL for sale of certain
specified telecom assets have been terminated today by mutual agreement. The company says that this is due to lack of consent from its lenders and permissions from telecom department among other reasons since the agreements nearly 15 months ago. Continue reading “RCOM and Reliance Jio terminate multi-crore wireless infrastructure asset deal by mutual consent”