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Reliance Jio transfers fibre and tower infrastructure to InvITs

Read more about Reliance Jio transfers fibre and tower infrastructure to InvITs on Business Standard. The optic fibre cable infra was with Jio Digital Fibre and the tower infra with Reliance Jio Infratel

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Reliance Jio transfers fibre and tower infrastructure to InvITs

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  1. Reliance Jio transfers fibre and tower infrastructure to InvITs The optic fibre cable infra was with Jio Digital Fibre and the tower infra with Reliance Jio Infratel Company News: finished the exchange of its optic fiber link and tower foundation to two framework speculation trusts (InvITs). The two elements — Digital Fiber Infrastructure Trust and Tower Infrastructure Trust — had been set up by a completely claimed backup of Reliance Industries (RIL), the organization told the stock trades on Monday night. RIL had demonstrated the arrangement in January, for resource monetisation, higher income and lower capital consumption. To deleverage its asset report, Reliance Jio Infocomm (RJio) has RIL shares shut on Tuesday at Rs 1,388.45 on the BSE, down 0.2 percent from Monday. Jio has around 220,000 towers and 300,000 km of fiber. The optic fiber link

  2. infra was with Jio Digital Fiber (JDFPL) and the pinnacle infra with Reliance Jio Infratel (RJIPL). JDFPL has dispensed Rs 500 crore of value to the investors of RJio; RJIPL has done as such for Rs 200 crore of value shares..Read More Business Standard

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