Reliance Jio in advanced talk to raise $1-1.5 billion from global banks

Reliance Jio in advanced talk to raise $1-1.5 billion from global banks.

India’s largest telecom operator, Jio, intends to leverage these funds to expedite the nationwide deployment of next-generation mobile broadband services by December 2023.

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Additionally, the European export credit agency Finnvera is anticipated to issue guarantees to the lenders.

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Jio has predominantly partnered with European network vendors Ericsson and Nokia.

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