{"id":75686,"date":"2019-02-08T19:31:35","date_gmt":"2019-02-08T11:31:35","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=234892"},"modified":"2019-02-08T19:31:35","modified_gmt":"2019-02-08T11:31:35","slug":"investor-eyes-reliance-jio-tower-unit","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/2019\/02\/08\/investor-eyes-reliance-jio-tower-unit\/","title":{"rendered":"Investor eyes Reliance Jio tower unit"},"content":{"rendered":"<p>        \tReliance Industries opened talks with investment company Brookfield Asset Management to sell a controlling stake in a spun-off business housing Reliance Jio&#8217;s tower and fibre assets, The Times of India reported.<\/p>\n<p>The total value of the assets under discussion is estimated at $12 billion to $15 billion and comprises 220,000 towers and 300,000 kms of fibre. However, these figures could increase should Reliance Industries or one of its subsidiaries buy-up towers from Reliance Communications\u2019 defunct mobile operation when India&#8217;s\u00a0companies authority comes to sell off its assets [1].<\/p>\n<p>Last Month, Bloomberg reported Reliance Industries was open to spinning-off and selling Jio&#8217;s tower and fibre assets to reduce the debt pile built-up during the rollout of its fixed and mobile networks.<\/p>\n<p>This is not the first time Brookfield Asset Management has been linked with infrastructure investment in India. It was previously named [2] as a likely bidder for tower units sold in 2018 by Vodafone India and Idea Cellular prior to the two operators merging. The 76,000 sites were eventually sold to American Tower.<\/p>\n<p>Brookfield Asset Management is a huge Canada-based investment company with a wide variety of interests around the world from office blocks to ports and power-lines. Assets under its control are valued at more than $330 billion. In 2018 it bought gas infrastructure from another subsidiary of Reliance Industries.<\/p>\n<p>Last week the investment company was also rumoured to be mulling a bid [3] for Dutch operator KPN.<\/p>\n[1] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/rcom-to-begin-insolvency-proceedings\/<br \/>\n[2] https:\/\/www.mobileworldlive.com\/asia\/asia-news\/brookfield-eyes-idea-cellular-vodafone-india-towers\/<br \/>\n[3] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/brookfield-mulls-kpn-bid\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries opened talks with investment company Brookfield Asset Management to sell a controlling stake &#8230;<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/investor-eyes-reliance-jio-tower-unit\/\">Investor eyes Reliance Jio tower unit<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.mobileworldlive.com\/\">Mobile World Live<\/a>.<\/p>\n<p> <a href=\"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/2019\/02\/08\/investor-eyes-reliance-jio-tower-unit\/\">\u95b1\u8b80\u5168\u6587 <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":53,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"slim_seo":[],"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[2073,2,2751,2752,2185,7],"tags":[398,402,397,414,413,410,499,409,407,408,406,399,400,394,10,401,396,787,786,784,782,783,764,785,403,412,411,395,405,404,778,779,780,781],"jetpack_publicize_connections":[],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p7prtj-jGK","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/posts\/75686"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/comments?post=75686"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/posts\/75686\/revisions"}],"predecessor-version":[{"id":75715,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/posts\/75686\/revisions\/75715"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/media?parent=75686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/categories?post=75686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/test\/wordpress\/wp-json\/wp\/v2\/tags?post=75686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}