RCom plans to sell its stake to reduce debts
Reliance Communications Ltd (RCom) is following Bharti Airtel’s footstep to reduce its debts, by selling a stake in its telecom towers unit. The company has invited proposals from bankers, revealed RCom in a filing to BSE. “The company has invited certain investment banks to make proposals for running a process to monetize the valuable tower and fibre assets held in its subsidiary, Reliance Infratel Ltd within the current financial year,”... Read More
