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India's RCom Sells £ 221.63 million Worth Assets to Reliance Jio

India’s Reliance Jio Infocomm Ltd has completed the purchase process of Media Convergence Nodes (MCNs) and related infrastructure equipment worth 221.63 million pounds from Reliance Communications Ltd (RCom) on Thursday (23).

RCom said that it has transferred 248 MCNs covering about 5 mn square feet area used for hosting the telecommunication infrastructure to Reliance Jio.


In May this year, RCom had informed that it expected to sell media assets worth 2.01 billion pounds to Reliance Jio and Canada’s Brookfield (BAMa.TO) after the bankruptcy petition court halted insolvency proceedings against the cash crisis hit RCom.

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Dale Vince says Labour should rethink how it funds Britain's transition to net zero.

REUTERS/Temilade Adelaja

Top Labour donor urges Andy Burnham to ditch ‘net zero’ label and rethink green spending

  • Major Labour donor Dale Vince has called for a shake-up of the UK's net zero strategy, arguing billions of pounds could be redirected to other priorities.
  • Vince wants the Department for Energy Security and Net Zero scrapped, with climate policy returning to the Treasury and the Department for Business and Trade.
  • The government insists net zero is creating jobs, attracting investment and strengthening Britain's energy security.

The UK's net zero strategy has become the centre of a fresh political debate after one of Labour's biggest donors called for a major overhaul of how the government pursues its climate goals. Rather than abandoning net zero, renewable energy entrepreneur Dale Vince has argued that Labour should change its approach, claiming several flagship green policies are placing an unnecessary burden on public finances during the cost of living crisis.

Vince, founder of renewable energy company Ecotricity and a long-time financial backer of Labour, reportedly said the party should drop the term "net zero" and dismantle the Department for Energy Security and Net Zero if Andy Burnham were to become Prime Minister in the future. He argued that responsibility for climate and energy policy should instead return to the Treasury and the Department for Business and Trade, similar to the previous Conservative government's structure.

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