1. General
  2. Others

  3. Others

RIL arm may buy stake in RCOM tower subsidiary Infratel: reports

India Infoline News Service | Mumbai | January 25, 2013 08:43 IST

There are reports that the contract may be inked next month.

The telecom arm of Reliance Industries, owned by Mukesh Ambani, may acquire a stake in Reliance Infratel in a complex deal that also includes leasing as many as 50,000 towers, according to reports.

Reports stated that the stake sale may be valued at $3.5-4 bn ( Rs 187.89-214.71bn) for the company.

There are reports that the deal may be inked next month.

The chief executive officer (CEO) of Reliance Communication's wireless business was quoted as saying " the company is in talks with three telecom operators for tower-leasing deals."

There are also reports that deal may be negotiated between RIL's Infotel Broadband, buying 15-25% in Reliance Infratel, RCOM's tower.

BSE 82.95 [2.80] ([3.27]%)
NSE 82.95 [2.85] ([3.32]%)

***Note: This is a BSE Chart









article
113110712114
RIL arm may buy stake in RCOM tower subsidiary Infratel: reports
RIL arm may buy stake in RCOM tower subsidiary Infratel: reports
There are reports that the contract may be inked next month.
http://www.indiainfoline.com/article/news-top-story/ril-arm-may-buy-stake-in-rcom-tower-subsidiary-infratel-reports-113110712114_1.html
January 25, 2013 08:43 IST
http://content.indiainfoline.com/_media/iifl/img/article/old/full/1545048725_LS_Anil_Mukesh-3
Reliance Industries, Reliance Communication's
Others
$rawVideoFileUrl$
$videoPlayerUrl$
 

 
 
Reports
News