In an interview to CNBC-TV18, Nitin Soni of Fitch Ratings shared his views and readings on Reliance Jio-Reliance Communications deal.
We do not see additional debt putting pressure on balance sheet of Reliance Industries, said Soni.
Soni said that this deal will bring in better fibre network for Reliance Jio.
According to him, Jio will gradually increase tariff; recent plans indicated higher tariffs.
We expect Reliance Communications-Jio deal to be valued at Rs 20,000-25,000 crore, he said.
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Disclosure: Reliance Industries, the parent company of Reliance Jio, owns Network 18 that publishes Moneycontrol.com.
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