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Reliance Jio Raises $750 Million loan to buy gear for 4G rollout

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reliance-jio-infocommReliance Industries’ telecom arm – Reliance Jio Infocomm – has raised a $750 million (nearly Rs 4,500 crore) loan for its infrastructure rollout.

“Reliance Jio Infocomm Limited has signed a $750 million loan backed by Korea Trade Insurance Corporation (K-sure). The loan is guaranteed by RIL and will be primarily used to finance goods and services procured from Samsung Electronics and Ace Technologies Corp, which are being sourced for the infrastructure rollout of RJIL,” Reliance Jio said in a statement.

The loan has 12 years of repayment time.

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