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RCom to halve debt with Infratel sale to Brookfield

Connectivity BusinessbyConnectivity Business
October 14, 2016
in Investments, Space Services
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Canada-based Brookfield Asset Management (TSX:BAM.A) has signed a non-binding term sheet to buy what is believed to be a majority stake in Reliance Communications’ (NSE:RCOM) tower business Reliance Infratel. RCom, which will keep a 49% stake, will receive an upfront cash payment of Rs110bn (US$1.65bn) from the Canadian company to be used solely to cut its debt pile ahead of […]

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Tags: AircelAsia PacificBrookfield Asset ManagementMaxis CommunicationsPremiumReliance InfratelReliance Jio InfocommSistemaSistema Shyam Telelink (MTS India)TF249
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