India: Reliance Jio signs pact to buy most of RCom’s wireless assets, 100% proceeds to reduce debt

Reliance Jio Infocomm Ltd will buy a majority of the wireless assets of Reliance Communications Ltd (RCom) in a deal that will give the Mukesh Ambani-controlled telecom operator access to valuable 4G spectrum and help his younger brother Anil repay lenders.