0
Mobile & Wireless

Mukesh Ambani may buy stake in Anil's Reliance Infratel

Friday 25 January 2013 | 13:33 CET | News
India-based Mukesh Ambani's Reliance Industries (RIL) arm Infotel Broadband, may buy a stake in Reliance Infratel, a company belonging to Anil Ambani, in a deal that also includes leasing as many as 50,000 towers, reports The Economic Times. Two people close to the ongoing negotiations said the deal had two components. One part is a leasing arrangement valued at INR 85-100 billion over a ten-year period. One of the people said a part of the lease amount will be paid up front. If the lease deal is a success, it will enable RIL to use nearly 50,000 towers of Reliance Infratel. The second

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Infratel / RCom / Reliance Industries
Countries: India
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

ATC, Carlyle top bidders for 51% stake in Infratel - report

Published 03 Jul 2015 11:50 CET | India
American Tower Corporation (ATC) private equity firm Carlyle are among the top initial bidders seeking to buy a 51 percent stake ...

Reliance Jio faces BWA spectrum licence cancellation

Published 30 Jun 2014 10:15 CET | India
Comptroller & Auditor General of India (CAG) claims the broadband spectrum license assigned to Infotel Broadband Services, now a ...

CBI finds no evidence of bribery by Anil Ambani

Published 17 Jan 2014 02:12 CET | India
India's Central Bureau of Investigation (CBI) has found no evidence of bribery involving Anil Ambani in the 2G spectrum scandal, ...

Reliance Jio gets new managing director - report

Published 08 Apr 2013 16:26 CET | India
India's Reliance Industries (RIL) has appointed Sanjay Mashruwala as managing director of its 4G services venture Reliance Jio, ...

Reliance Jio to share RCom fibre backbone

Published 03 Apr 2013 04:47 CET | India
Indian telecommunication companies Reliance Jio Infocomm has signed a definitive agreement worth approximately INR 12 billion for ...

Indian telcos seek funds for towers powered by green energy

Published 21 Mar 2013 13:02 CET | India
Indian telecommunication operators have told the Department of Telecommunications (DoT) that they will not be able to achieve the ...

RCom in talks for network-sharing deal with RIL - report

Published 22 Jan 2013 16:54 CET | India
India-based Reliance Communications (RCom) is negotiating a network-sharing deal with Reliance Industries (RIL), to support the ...





47.5%
Prepaid sim share
Germany  |  2016 Q2