Anil Ambani-led RCom incorporates new tower company Towercom Infrastructure

By November 18th, 2016 AT 6:30 AM

Reliance Communications (RCom) on Thursday said that it has incorporated a new subsidiary, called Towercom Infrastructure Private Limited (TIPL).

india-tower

“We would like to inform that the Company has incorporated a new subsidiary named “Towercom Infrastructure Private Limited” on November 17, 2016, having registered office in Mumbai,” the company said in a statement to stock exchanges.

The company said that TIPL will be an Infrastructure company, which is yet to commence its business operations. It added that the new subsidiary has been formed with a subscribed and paid up capital of Rs 1,00,000.

The latest development follows RCom’s divestment of 51% stake in Reliance Infratel for Rs11,000 crore to Canada’s Brookfield Infrastructure Group. The Anil Ambani-led telco had then said that its tower unit Reliance Infratel will transfer its assets and related infrastructure into a special purpose vehicle (SPV), which will be majority held by Brookfield, while the Indian company holding 49%.

Reliance Infratel is 96% owned by Reliance Communications, while the 4% is held by minority and institutional investors such as George Soros’ Quantum (M), NSR Partners, Galleon, HSBC Daisy Investment (Mauritius), Drawbridge Towers, Investment Partners B (Mauritius) — which invested $287 million in 2007 — will be a part of balance 51% to be held jointly with Brookfield, according to reports.

Brookfield, which is the world’s second-biggest manager of alternative assets such as real estate and private equity, is currently looking to acquire as much as 40% in Bharti Infratel –India’s second-largest telecom tower company, according to an Economic Times report.

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KaushikMaxKirti DelhiKunalidea88 Recent comment authors
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Kunal
Kunal

No Towers added by rcom (reliance infratel) , since 2010. In fact they reduced their tower count from 48600 during its peak to the current 43500. Some of the towers were abandoned. Even the equipment at tower site were left abandoned . Most of it is stolen now. Even most of the highway towers just before Jio launch were with out diesel. The towers use to remain shut during power outage. Anil Ambani led ,Rcom did not have the money & intent to compete in the market. Most of the towers were built & planned during reliance Infocom days (for… Read more »

Kaushik
Kaushik

1) Your BTS/tower numbers are wrong
2) Rcom has enhanced coverage everywhere i’ve been to since 2011 (mumbai, gujarat, mpcg, rajasthan, delhi). Thats not to say they are great everywhere. There are over 40000 BTS that are part of ICR to provide coverage to Rcom customers.
3) There are more 3G sites than what you mention. Rcom is one of 3 operators to offer 3G where I work daily. Idea and Rcom were actually first to launch 3G in that area and the area was basically forest land before 2013 so your claim of no towers installed is plain wrong.

Max
Max

Old/incorrect numbers. Avoid has way more than 40k 3G NBs, and rcom has way more than 12.5k. Currently 3G site count for Mum+Del is around 9k, so your numbers don’t make sense.

Atheist
Atheist

JIO brochure with plans that will be there from 1st Jan is viral. Means welcome offer ending 31st december. And jio has added additional plans between 0 to 499 so now ppl have a lot more choices. POI issue is getting lesser n lesser day by day

idea88
idea88

Where is that broucher?

Kirti Delhi
Kirti Delhi

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