RCOM JASPER IOT

Could RCOM reduce Corporate debt by about USD 3Bil with stake sale in Tower Business?

Comments Off on Could RCOM reduce Corporate debt by about USD 3Bil with stake sale in Tower Business? 12

#RCOM could slash its corporate debt significantly by giving up half ownership in its tower business, likely to raise about USD 3Billion (or INR 17k crores) .

http://telecom.economictimes.indiatimes.com/news/infrastructure/towers/six-bidders-for-majority-stake-in-anil-ambanis-reliance-infratel/48390454

This is coming at a time when Indian operators are scrambling for lack of adequate towers and would be glad to add more towers to their networks. Also RCOM has been straddled with huge corporate debt accumulated over the years and this appears to be a great time to unlock the cash from these prime assets. It is not entirely clear if these will go the PE route or other operators will pick it up directly or a combination might actually win the bid. The complete story here:

 

Tagged with: , ,
tonsetelecom

Tonse is an independent third party, research, marketing and consulting services organization. Tonse's team of researchers and marketers with expertise in telecom, mobility solutions, enterprise, cloud, device apps will provide a range of services to augment your marketing team! Lead generation, content services (blogs, white papers, app notes), marketing collateral - (presentations, info-graphics), research services (market research, analytics, forecasts). We are based in Bangalore and serve clients worldwide. We would love to hear from you. Drop us a line: stpai@tonsetelecom.com

View all contributions by tonsetelecom

Website: http://www.tonsetelecom.com

Similar articles

Get in Touch

Phone: +91 80 4093 6921
Web: www.tonsetelecom.com

NewsLetter