RCOM’s valuation of Infatel stake USD1bn too high

19 Aug 2011

Further details have emerged concerning the sale of Reliance Communications’ (RCOM) telecoms tower unit, Reliance Infratel, as reported here on Wednesday. RCOM has hired UBS to sell its 95% stake and is said to be asking for USD5 billion, reports Reuters, although unidentified sources have suggested this over-values the stake by around USD1 billion. UBS has allegedly approached American Tower and Crown Castle International, India’s Viom Networks and UAE’s Etisalat as potential purchasers as well as private-equity firms Carlyle, Apax Partners and Blackstone.

India, Reliance Communications (RCOM)