RCOM shortlists bidders for Infratel stake

18 Aug 2015

Reliance Communications (RCOM) has announced that it has shortlisted potential bidders for a 51% stake in its passive infrastructure arm Reliance Infratel, noting that some of the shortlisted companies are interested in acquiring the entirety of RCOM’s 96% stake in the firm. RCOM stopped short of naming the shortlisted bidders, although American Tower Corporation (ATC) and private equity firms Blackstone, Carlyle Group and Providence Equity Partners were previously reported to have expressed an interested in the stake. Bharti Infratel, the telecom tower arm of Bharti Airtel, was also linked to the sale but has now confirmed that it has not put in a bid for the stake, the Economic Times writes, citing a Bharti Infratel spokesperson. Reliance Infratel presides over a network of 45,000 towers, and more than 120,000km of inter- and intra-circle fibre.

India, Reliance Communications (RCOM)