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RJIL raises US$ 750 Million, 12 year loan backed by K-Exim(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 29 September 2014 Release date- 26092014 - Mumbai - Reliance Jio Infocomm Limited, a subsidiary of Reliance Industries Limited has signed a US$ 750 Million loan backed by Korea Exim Bank on 24 September 2014. The loan is guaranteed by RIL and will be primarily used to finance goods and services procured from Samsung Electronics for the infrastructure rollout of RJIL. This is the first loan between Reliance group and Korea Exim Bank and has a door to door tenor of 12 years including a 2 year availability period and repayable over 10 years thereafter. This deal is notably Korea Exim Bank's largest telecom infrastructure financing till date. It is also Korea Exim Bank's largest deal in India. Korea Exim Bank is funding US$ 440 Million of the above loan as a direct funding and the balance US$ 310 Million is being funded under the K-Exim covered guarantee by eleven of Reliance's relationship banks including The Hongkong and Shanghai Banking Corporation Limited, Australia and New Zealand Banking Group Limited, Banco Santander, S.A., The Bank of Tokyo-Mitsubishi UFJ, Ltd., BNP Paribas, Credit Agricole Corporate and Investment Bank, Commerzbank AG, ING Bank, JPMorgan Chase Bank, N.A., Mizuho Bank, Ltd, and Sumitomo Mitsui Banking Corporation and a new relationship NongHyup Bank. About Reliance Jio Infocomm Reliance Jio Infocomm Limited (RJIL), a subsidiary of Reliance Industries Limited (RIL), India's largest private sector company, is the first telecom operator to hold pan India Unified License. This license authorises RJIL to provide all telecommunication services except Global Mobile Personal Communication by Satellite Service. RJIL holds spectrum in1800 MHz (across 14 circles) and 2300 MHz (across 22 circles) capable of offering fourth generation (4G) wireless services. RJIL plans to provide seamless 4G services using FDD-LTE on 1800 MHz and TDD-LTE on 2300 MHz through an integrated ecosystem. RJIL is setting up a pan India telecom network to provide to the highly underserviced India market, reliable (4th generation) high speed internet connectivity, rich communication services and various digital services on pan India basis in key domains such as education, healthcare, security, financial services, government citizen interfaces and entertainment. RJIL aims to provide anytime, anywhere access to innovative and empowering digital content, applications and services, thereby propelling India into global leadership in digital economy. Reliance Jio has: An agreement with Indus Towers for more than 113,000 towers across India. (Sept 2014) An agreement with GTL Infra for more than 27,800 towers across India. (Sept 2014) An agreement with Ascend Telecom for their more than 4,500 towers across India. (June 2014) An agreement with Tower Vision for their 8,400 towers across India. (May 2014) An agreement with ATC India for their 11,000 towers across India. (April 2014) An agreement with Viom Networks for their 42,000 telecom towers. (March 2014) An agreement with Bharti Infratel for their 36,000 telecom towers. (March 2014) Agreement with Bharti Airtel for a comprehensive telecom infrastructure sharing agreement to share infrastructure created by both parties to avoid duplication of infrastructure wherever possible. (December 2013) A key agreement for international data connectivity with Bharti to utilise dedicated fiber pair of Bharti's i2i submarine cable that connects India and Singapore. (April 2013) Agreements with Reliance Communications Limited for sharing of RCOM's extensive inter-city and intra-city optic fiber infrastructure of nearly 1,20,000 fiber-pair kilometers of optic fiber and 500,000 fiber pair kilometers respectively (April 2013 / April 2014), and 45,000 towers (June 2013). From less than 700 professionals a year back, the RJIL team has grown rapidly to a national footprint of over 10,000 professionals today. Contact: Reliance Jio Infocomm Ltd. Tushar Pania Mobile: +91 9820088536 Email: [email protected] Atul Dwivedi Mobile: +91 8527793366 Email: [email protected] (c) 2014 Electronic News Publishing - |