RCOM Completes The Sale Of MCNs & Related Infrastructure Assets To RJIO
2018-08-23 Disinvestment Electronic & Telecom Equipment National
Reliance Communications Limited (RCOM) announced the completion of the sale of its Media Convergence Nodes (MCNs) and related infrastructure assets, worth Rs 2,000 crore, to Reliance Jio Infocomm Limited (RJIO). With the successful completion of the MCN monetization transaction, 248 MCNs covering approx. 5 Million Sq. ft. of area used for hosting the telecom infrastructure stand transferred to RJIO.