RCom said 248 MCNs were transferred to Reliance Jio.Reliance Communications Ltd said on Thursday it completed the sale of its media convergence nodes (MCNs) and related infrastructure assets worth Rs 2,000 crore ($285.4 million) to Reliance Jio Infocomm.The company said 248 MCNs covering about 5 million sq.ft.
of area used for hosting the telecom infrastructure were transferred to Reliance Jio.RCom said in May it expected to sell assets worth Rs 18,100 crore ($2.58 billion) to Reliance Jio and Canada's Brookfield, after the bankruptcy appeals court stopped insolvency proceedings against the cash-crunched company.
Thomson Reuters 2018(Except for the headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)