Jio joins a global trend of telecoms selling off tower assets as they look for ways to reduce debt and streamline operations:
For instance, Jio's broadband business is targeting 20 million homes and 15 million businesses in India with generous promotional offers to win them over — some subscribers will receive a TV when they sign up. Repeating this strategy will likely contribute further to parent company Reliance's mounting Jio joins a global trend of telecoms selling off tower assets as they look for ways to reduce debt and streamline operations.
The savings and money generated from tower sales can then be used to pay down debts, as telecoms spend big to expand their offerings with new services and consolidate existing operations. In October 2019, US telecom AT&T
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