Finnvera covers $1.6bn loan to Reliance Jio

In:

Telecoms and Communications

Region:

Asia-Pacific

Reliance Jio Infocomm has closed a $1.6 billion export financing, covered by Finnvera, for the procurement of 5G telecoms equipment from Nokia.KfW IPEX-Bank, Citi, HSBC, ING and JPMorgan have provided financing.The network operator Reliance Jio Infocomm plans to make substantial investments in...

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