NEW DELHI: Reliance Communications (RCOM) is set to announce the sale of its stake in tower unit Reliance Infratel this week, people familiar with the matter said, paving the way for the Anil Ambani-led company to lower its debt substantially.
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 will be announced within a...
Reliance Communications likely to announce stake sale in Reliance Infratel
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 will be announced within a...
Reliance Communications likely to announce stake sale in Reliance Infratel