Tuesday, 27 June 2017

Rcom to sell 51% of towers unit for INR110bn

By Nick Wood, Total Telecom
Friday 14 October 16

Asset manager Brookfield takes majority stake in Reliance Infratel; Indian telco will use proceeds to pay down debt.

Reliance Communications on Friday agreed to sell a 51% stake in its towers business to asset manager Brookfield for 110 billion rupees (€1.5 billion). Under the non-binding deal, the stake in Reliance Infratel will be transferred into a separate special purpose vehicle (SPV)…

Reliance Communications on Friday agreed to sell a 51% stake in its towers business to asset manager Brookfield for 110 billion rupees (€1.5 billion). Under the non-binding deal, the stake in Reliance Infratel will be transferred into a separate special purpose vehicle (SPV)…

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