Blackstone and Carlyle Group have jointly expressed interest to bid for Reliance Communications Ltd's tower business.Bid offer valuing the enterprise at about $4 billion.Reliance Communications has put Reliance Infratel on the block looking at a valuation of around $5 billion which owns at least 50,000 towers, RCom is open to selling its entire 95% stake in its tower arm. RCOM has to pay off debts estimated to be around Rs 32,000 crore, or about $7 billion.
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment