Ambani’s Jio in talks to raise about $1.6 billion for equipment from Nokia Oyj
India’s Reliance Jio Infocomm Ltd. is in talks to raise a loan for about $1.6 billion to fund the purchase of equipment from Nokia Oyj. Banks involved in the discussions with billionaire Mukesh Ambani’s telecoms company include Citigroup Inc., HSBC Holdings Plc. and JPMorgan Chase & Co.
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