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Asia300

Rivals bid for assets of India's debt-ridden Reliance Communications

Reliance Jio, Bharti Airtel compete for 4G spectrum, extensive submarine cables also on offer

As Reliance Communications is carved up to pay off creditors, India's telecoms industry continues to see significant consolidation. REUTERS/Rupak De Chowdhuri   © Reuters

MUMBAI -- India's four main telecom companies, including Bharti Airtel and Reliance Jio Infocomm, have placed non-binding bids for the assets of their troubled rival Reliance Communications, with its fourth generation (4G) spectrum airwaves attracting particular interest. 

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