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RCOM TOWER DEAL
Omkara, Oaktree pay Rs 1,200 crore to buy GTL debt from EdelweissOmkara Asset Reconstruction Company and Oaktree Capital Management have acquired GTL Infrastructure's debt. The deal, valued at ₹1,200 cror...- CCI clears RCom's plans to sell infra assets to Jio"@CCI_India approves acquisition of RCOM's towers, optic fiber cable, right to use spectrum and media convergence nodes by RJIO," the anti-...
- Reliance Communications' Rs 11,000-crore tower deal with Brookfield collapsesRCom's troubles seem far from over despite firefighting measures being initiated by the lenders. The debt-laden company will be shutting do...
- Tower cos, operators, PE cos keen on Reliance InfratelRCom’s executive director, Punit Garg, had said at a recent press conference that the company’s domestic fibre assets were valued at roughl...
- Brookefield calls off Reliance Communications deal after Aircel merger falls throughThe asset management company added that it was being 'patient' in pursuing the RCom deal and 'several other potential opportunities in this...
- Tower operators reducing service to Reliance CommunicationsThe telco has mooted alternate plans which include sale of towers, fibre, spectrum, and real estate assets, which could generate over Rs 25...
- Reliance Communications withdraws tower demerger scheme from NCLTIn a statement Wednesday, the Anil Ambani-owned telco said it will file a fresh scheme of demerger of the towers of Reliance Infratel befor...
- Brookfield may revive RCom deal planCanadian investor Brookfield will still try to salvage its acquisition of RCom towers at a revised price after RCom’s merger talks with Air...
- Reliance Communication signs binding pact with Brookfield for $1.6 bn tower stake saleAs per the agreement Anil Ambani owned firm will enjoy certain information and other rights, but will not be involved directly or indirectl...
- Brookfield set to seal Rs 11,000 crore RCom tower deal this weekThe Canadian fund manager, the second biggest alternate asset manager in the world, will acquire a 51% stake in the SPV while RCom will hav...
- Reliance Com signs term sheet with Brookfield to sell 51% stake in tower unit for Rs 11,000 crRCOM and Brookfield expect considerable growth in tenancies based on increasing 4G offerings by all telecom operators, and the fast acceler...
- Reliance Communications stock jumps over 5% in intraday trade after CLSA ‘Outperform’ viewThe brokerage said the upgrade was on expectations that the telecom operator would soon reduce its debt with proceeds of its telecom tower ...
- Reliance Communications likely to announce stake sale in Reliance InfratelThe sale of RCOM’s stake in Reliance Infratel to a private equity player would likely mark its complete exit from the telecom tower busines...
- RCom rallies 20% in April; more deals will lead to re-rating, say brokerages“We see room for potential trading upside for RCom due to improved probability of a tower-sharing deal with RIL,” BofA-ML said.
- Mukesh Ambani's RIL arm may buy stake in Anil's RCOM tower subsidiary Infratel & lease 50k towersThe telecom arm of RIL, owned by billionaire Mukesh Ambani, may buy a stake in Reliance Infratel, a company belonging to his brother Anil.
- Blackstone, Carlyle set to buy Anil Ambani's RCOM towersAnil Ambani-controlled RCOM may conclude a tower sharing deal with his elder brother Mukesh Ambani-owned Reliance Infotel ahead of the towe...
- RIL, RCom in talks for sharing telecom infrastructureMukesh Ambani-led RIL is in talks to hire the infrastructure of younger sibling Anil's firm RCom for its telecom foray.
- RCom-GTL tower deal: Rise in tenancy ratio to ring in future successThe deal between Reliance Communications (RCOM) and GTL Infrastructure (GIL) to merge their telecom tower businesses will provide immediate...
- GTL Infra leaps to second spot on RCOM dealWith the 50,000 towers owned by RCOM, the deal pitches GTL Infra into the No. 2 slot in India.
- RCOM merges tower biz with GTL InfraRCOM announced creation of world's largest telecom tower co with a value of Rs 50k cr.RIL may sell plot in BKC to Wadhwa Group | RIL may se...
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