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

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