July 10th, 2016 9:26 PM 0 COMMENTS

US-based Brookfield Asset Management emerged as serious bidder for Reliance Infratel: Report

Brookfield Asset Management, a US-based private equity firm, has reportedly emerged as a serious bidder to buy Anil Ambani-led Reliance Communications' stake in its tower unit, Reliance Infratel, following Sanjiv Ahuja-led Tillman Global Holdings' failure to find a suitable financier for the telco's tower assets, Economic Times reported citing multiple sources. Reliance Infratel is 96 per cent owned by RCom, while minority and institutional investors such as George Soros' Quantum... Read More

August 19th, 2015 10:34 AM 1 COMMENTS

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

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