Sovereign fund Qatar Investment Authority (QIA) is in advanced talks with Reliance Industries Ltd to invest around $1.5 billion (about ₹11,200 crore) in an infrastructure investment trust (InvIT) that holds the company’s fibre-optic assets, two people aware of the development said on condition of anonymity.
After raising more than $20 billion through stake sales in the digital assets unit, Jio Platforms Ltd, the Mukesh Ambani-led Reliance is now looking to monetize its fibre assets held by Jio Digital Fibre Pvt. Ltd.
“Fibre network business monetization falls exactly in line with RIL’s original plan to make Jio become an asset-light digital services company and save significantly on costs as the group is gearing up to offer affordable 5G services. It has an immense revenue generation potential,” said one of the two people cited above, requesting anonymity.
