India's RCom plans $2.68 billion asset sale to Jio, Brookfield in next few weeks

By Sankalp Phartiyal and Suhail Hassan Bhat MUMBAI/NEW DELHI (Reuters) - India's Reliance Communications (RCom) said on Wednesday it expects to complete its asset sale to Reliance Jio Infocomm and Canada's Brookfield in coming weeks, after the bankruptcy appeals court halted insolvency proceedings against the debt-laden company. The 181 billion-rupee ($2.7 billion) asset sale by businessman Anil Ambani-controlled RCom includes airwaves, fibre, mobile masts and real estate assets in Delhi and Chennai, the company said in a statement, as it aims to prune its debt pile

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