TELECOM MINISTRY APPROVES Brookfield’s $3.4 BILLION PURCHASE OF RELIANCE TELECOM TOWER ASSETS

Highlights

• The Union Finance Ministry, Union Home Ministry and the Reserve Bank of India (RBI) had previously given their approval in the month of July

• According to the statement given by Mukesh Ambani in July, 2019, the proceedings of this deal will be utilized to repay debts

• Courtesy of recent investments in Jio Platforms, Reliance has already managed to become net-debt free

Accord....