Rcom Hived Off Its Tower Business To GTL Infra
In a bid to reduce debt and investment in GSM/CDMA network up-gradation, Reliance Communications (Rcom), India's single largest Dual Technology Mobile Service orator hived off its mobile tower business to GTL Infrastructure for Rs 50000 crore ($11 billion). After the above deal to GTL infra becomes world's largest telecom infrastructure company not controlled by a telecom operator. The boards of the Reliance communication and and GTL Infrastructure (GTL Infra), have... Read More
