Reliance Jio signs pact to buy most of RCom’s wireless assets

The deal appears to be a win-win for the brothers as Mukesh Ambani-led Reliance Jio gets most of RCom’s assets, while the Anil Ambani-promoted firm will reduce its debt overhang substantially.
Reliance Jio Infocomm Ltd will buy a majority of the wireless assets of Reliance Communications Ltd (RCom) in a deal that will give the Mukesh Ambani-controlled telecom operator access to valuable 4G spectrum and help his younger brother Anil repay lenders.