05 September 2023

Jio Infocomm 'seeks up to $2bn to fund 5G plan'

Telecoms and Communications

India's Jio Infocomm is in talks to raise up to $2 billion in offshore loans, with BNP Paribas acting as lead arranger, to fund the purchase of 5G network equipment from Ericsson. The fundraise is through a discounted process, and the implicit interest rate will be arrived at over the nine-month...

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