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RCom to Sell Stakes in Reliance Infratel

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Reliance Communications is planning to sell stakes in its subsidiary Reliance Infratel, size of the deal is estimated to be aruond INR 220 billion. The sale of RCom’s stake in Reliance Infratel to a private equity player would likely mark the complete exit of the fourth largest telecom services provider by customers from the telecom tower business in India.

The deal, once announced, would be the second such development in the tower industry after American Tower Corporation bought controlling stake in Viom Networks in October.

While RCom owns 96% of Reliance Infratel, minority and institutional investors such as George Soros’ Quantum (M), NSR Partners, Galleon, HSBC Daisy Investment (Mauritius), Drawbridge Towers, Investment Partners B (Mauritius), hold the rest. Read more

Sweekar S

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