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Reliance communications to sell arm to Batelco for Rs 6,000 crore - The Times of India
Reliance communications to sell arm to Batelco for Rs 6,000 crore - The Times of India
Fresh after a Rs 1,200-crore deal with elder brother Mukesh Ambani's Reliance Industries last week for use of RCOM's optical fibre network, it is also giving the final touches to another transaction with Reliance Jio Infocomm to lease out telecom towers. Besides, it will also sell off its DTH business to South-based Sun Group for an estimated Rs 2,000 crore.