Reliance Jio To Get $750 Million Loan From Korea Trade In Second Financing Round

13/05/2015 11:58 AM IST | Updated 15/07/2016 8:25 AM IST
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Reliance Industries on Wednesday said its broadband arm has signed up for a $750 million loan, backed by Korea Trade Insurance Corp, to primarily finance the procurements for its infrastructure rollout from Samsung Electronics and Ace Technologies Corp.

In a statement, the company said the facility for Reliance Jio was the second round of financing from the Korean giant and the third overall for the group.

“It has a door-to-door tenor of 12 years, including a two-year availability period and a 10-year repayment period thereafter,” said the statement.

Reliance Jio Infocomm is setting up a pan-India telecom network for 4th generation Net services, communication services and other digital services in areas like education, healthcare, security, financial services, government-citizen interfaces and entertainment.

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