Tuesday, Sep 29, 2020 | Last Update : 05:25 PM IST

189th Day Of Lockdown

Maharashtra1351153104994735751 Andhra Pradesh6811616123005745 Tamil Nadu5863975307089383 Karnataka5824584697508641 Uttar Pradesh3908753312705652 Delhi2730982407035272 West Bengal2505802198444837 Odisha212609177585866 Telangana1872111564311107 Kerala179923121264698 Bihar178882164537888 Assam169985139977655 Gujarat1332191132403417 Rajasthan1288591077181441 Haryana1237821059901307 Madhya Pradesh117588932382207 Punjab107096840253134 Chhatisgarh9856566860777 Jharkhand7770964515661 Jammu and Kashmir69832495571105 Uttarakhand4533233642555 Goa3107125071386 Puducherry2548919781494 Tripura2412717464262 Himachal Pradesh136799526152 Chandigarh112128677145 Manipur9791760263 Arunachal Pradesh8649623014 Nagaland5768469311 Meghalaya5158334343 Sikkim2707199431 Mizoram178612880
  Business   Companies  13 Nov 2019  Airtel submit bids for RCom spectrum; Jio seeks deadline extension by 10 days

Airtel submit bids for RCom spectrum; Jio seeks deadline extension by 10 days

PTI
Published : Nov 13, 2019, 9:49 am IST
Updated : Nov 13, 2019, 9:49 am IST

RCom committee of creditors is scheduled to meet on November 13, 2019 to take call on the bids opening.

Bharti Airtel, Bharti Infratel and private equity firm Varde Partners have submitted their bids for assets of debt-laden Reliance Communications. (Photo: PTI)
 Bharti Airtel, Bharti Infratel and private equity firm Varde Partners have submitted their bids for assets of debt-laden Reliance Communications. (Photo: PTI)

New Delhi: Bharti Airtel, Bharti Infratel and private equity firm Varde Partners have submitted their bids for assets of debt-laden Reliance Communications, while Reliance Jio has sought extension of the asset sale deal deadline by another 10 days.

Airtel has placed conditional bid to buy spectrum of RCom while Bharti Infratel has submitted bids for mobile towers, a Bharti spokesperson said. Banking sources involved in the process told PTI that a total of six bids have come for assets of Anil Ambani-led RCom on Monday.

 

"Six bids have come for assets of Reliance Communications. This includes bid from Bharti Airtel, Bharti Infratel, private equity firm Varde Partners. RCom committee of creditors is scheduled to meet on November 13, 2019 to take call on the bids opening," a banking source said. Reliance Jio did not comment on the email query.

"The bid conditions include that the overall consideration will primarily be by way of the deferred spectrum payables to the government being passed on to us on terms and schedules applicable to such deferred payments," Bharti Airtel spokesperson said.

Apart from real assets, RCom telecom assets on sale include spectrum holding of 122 MHz which the company before insolvency proceedings had estimated to be around Rs 14,000 crore, towers business for Rs 7,000 crore, optical fibre network Rs 3,000 crore and data centres worth Rs 4,000 crore.

 

Tags: airtel, rcom, rjio. spectrum, auction, bid
Location: India, Delhi, New Delhi