Carlyle, Blackstone in separate talks over Reliance Infratel
The Carlyle Group and The Blackstone Group are in separate talks with Reliance Communications concerning an investment in its telecom tower unit. A deal for Reliance Infratel could come in February or March, subject to agreements on its valuation.
Reliance Communications, which owns about 95% of the tower unit, said the transaction is progressing well, without identifying the bidders, The Wall Street Journal reported. According to people familiar...
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