Reliance sells India towers
The Blackstone Group, the Carlyle Group and TPG Capital are all in talks with number two Indian cellular provider Reliance Communications, part of India’s Reliance Anil Dhirubhai Ambani Group, over the spinout of the company’s cellular transmission tower arm, Reliance Infratel, according to Indian sources.
The total value of Reliance’s tower assets is calculated at almost $5.5 billion. In the complex planned transaction, around 54,000 of Reliance Infratel’s towers will be packaged with 32,000 from...
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