Airtel’s is highest upfront offer for RCom at ₹9,500 cr | Editorji
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Airtel’s highest upfront offer for RCom at ₹9,500 cr

Nov 29, 2019 11:03 IST

The Mint reports that Bharti Airtel  has offered the highest upfront cash settlement for Reliance Communications assets.

Out of the four bidders, Bharti Airtel has offered about ₹9,500 crore to acquire  assets that include spectrum, telecom towers, fibre, data centres and real estate.

 Upfront cash is often a key factor that creditors evaluate while deciding on a winning bidder.

Reliance Jio has offered ₹3,600 crore as upfront cash payment but did not bid for the spectrum and real estate assets this time.