Reliance

Srikapardhi

RCom inks deal with Brookfield to sell nationwide tower assets

RCom inks deal with Brookfield to sell nationwide tower assets

Reliance Communications (RCOM) Friday inked a non-binding Term Sheet with Brookfield Infrastructure Group to sell its nationwide tower assets and related infrastructure. As per the agreement, the telco will receive an upfront cash payment of Rs 11,000 crore from the proposed transaction, involving 45,000 mobile towers. RCom said that it … Read More

Rudradeep Biswas

RCom CEO Vinod Sawhny quits, William Barney and Gurdeep Singh to function as co-CEOs

RCom CEO Vinod Sawhny quits, William Barney and Gurdeep Singh to function as co-CEOs

Reliance Communications’ (RCom) Chief Executive Officer Vinod Sawhny has stepped down from the post, citing personal reasons. The development comes at a time when RCom is working towards acquiring Sistema Shyam Teleservices and merging wireless operations with Aircel. The company informed stock exchanges on Saturday that William (Bill) Barney and Gurdeep … Read More

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