Reliance Communications could be set to merge its towers business, Reliance Infratel, with GTL Infra, according to the Economic Times.
The deal could see GTL pay US$3.2bn in cash to Reliance as well as conceding a 50% stake in the new combined…
Reliance Communications could be set to merge its towers business, Reliance Infratel, with GTL Infra, according to the Economic Times.
The deal could see GTL pay US$3.2bn in cash to Reliance as well as conceding a 50% stake in the new combined entity.
The paper suggested that the proposed deal would value Reliance Infratel’s 54,000 towers at twice the price of GTL Infra.
Crown Castel International and American Tower Corp are also thought to be interested in taking a stake in Reliance Infratel, which is being spun off by its parent company in order to reduce its debt pile.
