Mukesh Ambani is at the forefront of buying the younger brother Anil Ambani's property

Mukesh Ambani is at the forefront of buying the younger brother Anil Ambani's property

According to media reports, Reliance Jio and Sunil Mittal's Bharti Airtel could compete with property purchases

Mukesh Ambani's company Reliance Jio could buy Anil Ambani's Reliance Communications' assets. According to media reports, Reliance Jio and Sunil Mittal may be vying for the purchase of property in Bharti Airtel.

Mukesh Ambani is at the forefront of buying the younger brother Anil Ambani's property

Vodafone Idea did not send Expression of Interest (EOI)

Reliance Jio and Bharti Airtel have shown interest in the assets of Reliance Communications and its 2 units Reliance Telecom and Reliance Infratel as part of the insolvency process. According to media reports, though about 10-12 companies have sent an expression of interest for the property purchase, the same companies include Bharti Airtel and Reliance Jio. Please tell that Vodafone Idea has not sent EOI.

Wireless properties will be sold

According to media reports, Reliance Communications' wireless assets are to be sold. There is a 4G spectrum in the 800 MHz band in Bihar, Haryana, Himachal Pradesh, Madhya Pradesh, Mumbai, Odisha, Andhra Pradesh, Delhi, Maharashtra, UP-East, Kerala, Karnataka, Tamil Nadu and Rajasthan which will be sold. On the other hand, some fiber and real estate properties will be sold along with the company's 43,000 telecom towers coming under Reliance Infratel.

Let us know that the lenders of Reliance Communications have claimed about Rs 49193 crore on RCom. Reliance Communications plans to repay 39 financial lenders and hundreds of operational creditors through its plan.

Mukesh Ambani is at the forefront of buying the younger brother Anil Ambani's property

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