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NCLT approves Reliance Jio’s plan to demerge fibre and tower assets

March 25, 2019
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As per a regulatory filing, the National Company Law Tribunal (NCLT), Ahmedabad bench, has approved Reliance Jio Infocomm Limited’s plan to demerge its fibre and tower assets into two separate units namely, Jio Digital Fibre Private Limited and Reliance Jio Infratel Private Limited.

The demerger will help the company to remove the fibre and tower assets off their balance sheets, thereby reducing the operator’s liabilities. The operator plans to monetise these assets via a sale and leaseback or InvIT (investment trust) structure in the future.

At present, the telco operates about 220,000 towers (including third-party ones) and over 300,000 route kilometres of fibre.

The operator is now seeking approvals from other regulatory bodies to demerge its fibre and tower business.

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