India's Reliance Jio to buy RCom's wireless assets in $3.75 billion deal

India's Reliance Jio to buy RCom's wireless assets in $3.75 billion deal

Reliance Communications has signed a deal to sell its wireless assets, Reliance Jio Infocomm, for a total value of about 240 billion rupees ($ 3.75 billion),

Although Mukesh Ambani is the wealthiest person in India, he has shown his love for his brother and he has contracted with his company that he has purchased the tower business of his Reliance Communications completely, which means that he has enough money to free Anil Ambani from debt. 

Reliance Jio Infocomm (Jio), a subsidiary of Reliance Industries on Thursday purchased a clutch of wireless assets from Reliance Communications (RCom) including wireless spectrum, tower, fiber and media convergence nodes (MCNs).

 Most notably, the agreement includes the sale of 43,000 towers to Reliance Jio. The deal places company in a favorable position as RCom's assets are valuable.

The sale, if finalized, would mark a big step in Reliance Communications' quest to cut down its debt, which had sent its shares to record lows and led debtors like China Development Bank (CDB) to start insolvency proceedings over miss payments.


China Development Bank said earlier on Friday it is in talks with Reliance Communications or R.Com as it is called. RCom shares rose as much as 29.9 percent on Friday while Reliance Industries rose as much as 0.9 percent.

This communication between Reliance Communications and Reliance Jio is expected to be very beneficial for both the companies.

Anil Ambani's company will be able to get rid of debt, on the other hand, Mukesh Ambani has a new tower for his Reliance Jio Comm.

 Will not have to stand so this deal will be quite profitable for both companies

Yashoda is going to make the deal very sad for companies like Vodafone Airtel and BSNL. For the same Anil Ambani, this deal is like a stream of nectar

Together with the hands, both the brothers have once again given a blow to companies like Bharti Airtel, Vodafone, BSNL, and Uninor.


  If both companies join together then any telecom company, BSNL, will be left alone, they will not be able to stand up to the point of view.

Srilanka Tour to India ,3 test,3 onedays, and 3 t-20 series will be played

Srilanka Tour to India

 

Friends, Sri Lankan cricket team's Indian tour is going on this time, Sri Lanka and India are scheduled to play 3 Test match 3 ODIs and three T20 matches.

The series of three Test matches have ended, between India and Sri Lanka, where India defeated Sri Lanka 1/0 and took the series
India and Sri Lanka were on the fifth day of the third Test in Delhi's Ferozshah Kotla ground where Sri Lanka needed 394 runs to win in second innings, while India needed to lift their 6 wickets.
Sri Lankan batsmen did not get angry with Tussaud after the Indian bowlers, and they converted into a loser match draw
Srilanka batting
Dhananjaya de Silva, despite being injured, also scored a hundred and proved to be brilliant with them.
The praise of Sri Lankan batsmen will be as low as they lost only one wicket in 90 overs

Although India had badly defeated Sri Lanka in India in the last match and played the draw in the first match, in this match where there was a lot of expectations in the match, India did not perform according to its name and gave Sri Lankan batsmen an opportunity to openly bat. And the result of the match came in the form of DRAW
Indian captain Virat Kohli was adjudged Man of the Match of the third Test and Man of the Series also got his award.
Sri Lanka's tour still remains to play one-day and T-20 series
In the absence of captain Virat Kohli, Rohit Sharma will lead the Indian team as Virat Kohli has been rested for the ODI series, the series of three ODIs and three T20 matches will be played in December, starting on December 10.

You will continue to get live updates of all the series coming online scoring consistently till then Good bye

The Cricmaster, : An Introduction of this blogger

thecricmasters

The Cricmaster is a platform where you get all information of cricket world ,news, views ,and records with schedule of tours and series of national and international cricket team like The Ashes, world cup,Ipl,and champions trophy.
On this platform you will be able to achieve all the information of the first cricket world,Here live updates live scores and news will be presented for all types of cricket matches,
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                                        Regards, Santosh Singh