RCom deal to bring synergies for Reliance Jio’s business: Morgan Stanley

The acquisition of wireless assets of Reliance Communications (RCom) will lower costs and bring synergies to Reliance Jio’s business but may potentially raise parent RIL’s net debt by 10-12 percent in near term, Morgan Stanley said today. The two companies, last evening, announced a blockbuster deal under which Mukesh Ambani’s Jio will acquire debt-laden RCom’s […]

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