Reliance communications shortlists names of bidders for a majority stake sale in tower arm Infratel
India's 4th largest telecom operator Reliance Communications on Monday said it has short-listed bidders that have sought to acquire up to 100% stake in its tower subsidiary Reliance Infratel as reported by Economic times. Reliance Infratel has more than 45,000 mobile towers, and proceeds from the stake sale will help the company reduce debt this fiscal. "The company has received indicative non-binding bids from a number of interested buyers, and... Read More