Reliance Jio Infocomm (RJio), a wholly-owned subsidiary of Reliance Industries (RIL), is carving out its fibre and tower assets into two separate companies. This is being done in order to provide the company with flexibility to lease out the assets at a later point in time.
Further to the creation of two separate companies, which will be wholly-owned subsidiaries of company, RJio will continue to function as a telecom service provider.
At present, RJio owns and operates about 2.20 lakh towers and fibre assets of close to three lakh route km.