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Broadband

RCom's Reliance Infratel sells tower division

Thursday 23 March 2017 | 13:18 CET | News
The Competition Commission of India (CCI) has approved the sale of the tower division of Reliance Infratel, a subsidiary of Reliance Communications, which is to be carried out pursuant to a demerger of the tower division to Towercom Infrastructure (Towerco). Upon completion of the demerger, and the completion of other conditions and approvals, Rapid Holdings, a company which is a part of the Brookfield Infrastructure Group will acquire 100 percent of Towercom Infrastructure.

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Categories: Fixed
Companies: Infratel / RCom / Reliance Communications / TowerCo / Towercom
Countries: India
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