India's Reliance Jio seeks up to $2b loan to fund 5G plan: Report

India's Reliance Jio seeks up to $2b loan to fund 5G plan: Report

FILE PHOTO: Commuters are reflected on an advertisement of Reliance Industries' Jio telecoms unit, at a bus stop in Mumbai, India, February 21, 2017. REUTERS/Shailesh Andrade/File Photo

India’s Jio Infocomm, the telecom wing of Reliance Industries, is in talks toraise up to $2 billion in offshore loans, with BNP Paribas acting as lead arranger, to fund the purchase of 5G network gear from Ericsson, the Economic Times reported on Monday.