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Reliance Communications (RCom) and Reliance Jio Infocomm (Jio) have extended till June 28 the term of the pact under which the Anil Ambaniowned company will sell some wireless assets to the telco owned by elder brother Mukesh, aiming to quash talk that the agreement was dead.
“Reliance Jio lnfocomm Ltd, a subsidiary of Reliance Industries Ltd, extended the term of the definitive agreement for the acquisition of specified assets of Reliance Communications Ltd and its affiliates to 28th June 2019,” Jio said in a regulatory filing on Monday.
In a separate but similar filing, RCom said that the two operators have extended the “validity of the agreements signed on 28th December 2017 for sale of towers, fiber, MCNs (media convergence nodes) and spectrum of RCom and its affiliates to 28th June 2019.” That’s a sixmonth extension from the original deadline of December 28.
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