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irtel Makes Highest Upfront Cash Offer for RCom Assets - Reports

Mna News - Published on Fri, 29 Nov 2019

Image Source: RCom Bid
As per media reports, Bharti Airtel Ltd has offered the highest upfront cash settlement of about INR 9,500, but with conditions, among four bidders for Reliance Communications Ltd’s assets that include spectrum, telecom towers, fibre, data centres and real estate

Other reported bids are

Reliance Jio Infocomm has offered INR 3,600 crore as upfront cash payment, but has not placed a bid on RCom’s spectrum assets or the company’s real estate

UV Asset Reconstruction Co Ltd has offered a bid of INR 12,760 crore, which will be staggered over several years. This bid has a net present value of roughly INR 9,000 crore

Varde Partners also offered staggered payments with little upfront cash for the assets on the block

Meanwhile, a Bharti Airtel spokesperson told The Economic Times that a conditional bid was submitted primarily for the spectrum, which is a precious asset.

China Development Bank, Life Insurance Corporation of India, State Bank of India, Exim Bank of China and Bank of Baroda are among 41 creditors to the bankrupt telecom company.

Source :

Posted By : TelecomGuru on Fri, 29 Nov 2019
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