Reliance Jio tower asset sale is indicative of industry trend - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Jio joins a global trend of telecoms selling off tower assets as they look for ways to reduce debt and streamline operations:

For instance, Jio's broadband business is targeting 20 million homes and 15 million businesses in India with generous promotional offers to win them over — some subscribers will receive a TV when they sign up. Repeating this strategy will likely contribute further to parent company Reliance's mounting Jio joins a global trend of telecoms selling off tower assets as they look for ways to reduce debt and streamline operations.

The savings and money generated from tower sales can then be used to pay down debts, as telecoms spend big to expand their offerings with new services and consolidate existing operations. In October 2019, US telecom AT&T

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

telecom selling is popular in your country,right? if 5G coming, will be hotter in your country. we are appreciate this telecom tower company can find the supplier which can be from China,and let us have mutual benefit with each other.

Can you shout me out

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5 trends in the 2020s to impact venture capital, according to a VC - Business InsiderI'm a founding partner at Lightspeed Venture Partners with over 20 years of experience in venture capital. These are the 5 biggest trends I see emerging in the next decade. (by BarryEggers) BarryEggers More layoffs Fewer benefits Less stability More precarity More debt There, saved you from reading this claptrap. BarryEggers More hunger-More homeless-More crime-More mass shootings-Less positivity
Source: BusinessInsider - 🏆 729. / 51 Read more »

TD Bank tops US customer satisfaction ranking - Business Insider - Business InsiderTD Bank likely stood out due to the service quality of its branches and its strong checking account offerings and digital banking services: Yeah, they beat me too---They need to correct it---Because they stole funds out the account and closed it--
Source: BusinessInsider - 🏆 729. / 51 Read more »

$27 million San Francisco mansion for sale in Pacific Heights - Business InsiderThe mansion on Pacific Avenue is a rare gem for a few reasons, but mostly for being a massive home for sale in the coveted Pac Heights district. I’ll give you a $1.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Taco Bell doubles down on dollar Cravings menu with new deals - Business InsiderTaco Bell announced on Tuesday that it plans to roll out 21 $1 offerings in 2020, as part of the chain's Cravings Value Menu. Nasty. Last place i want is the Bell
Source: BusinessInsider - 🏆 729. / 51 Read more »

Another Amazon Ring home camera was broken into by hackers: VIDEO - Business InsiderThe woman said the intruder began making offensive remarks, and was able to see her in real time. '... He was tapping into my bedroom camera.'
Source: BusinessInsider - 🏆 729. / 51 Read more »