Reliance Com in talks to sell fibre optics unit to PE consortium
India's Reliance Communications is in talks with Samena Capital, and other global private equity funds, to sell a stake in Reliance Globalcom, its global communication services business.
In a filing, the company said that the PE consortium was at an advanced stage with due diligence and that a deal is anticipated by the end of May this year. Globalcom has a fibre-optic telecommunications...
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