Reliance seeks loan from CDB
India’s second-largest mobile operator Reliance Communication, which has been struggling to sell its telecom tower arm, is in talks with China Development Bank (CDB) for a loan to restructure its debt.
The telecom company has $925 million in foreign currency convertible bonds maturing in March. It has been trying for more than a year to sell its tower business in a deal that could be worth more than...
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