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Reliance Communications might get investments from US companies
This is a discussion on Reliance Communications might get investments from US companies within the India Broadband and Telecom News forums, part of the News and views category; The Financial Times has said in a news report that U.S. private equity groups Blackstone and Carlyle are currently talking ...
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26-11-2006, 07:26 PM
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| Silver Member Join Date: Aug 2006 Age: 21
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Rep Power: 3  |  Reliance Communications might get investments from US companies The Financial Times has said in a news report that U.S. private equity groups Blackstone and Carlyle are currently talking with Indian telecom giants Reliance Communications. The two groups are planning to invest as much as USD 1 billion in a new unit, which would work on telecoms tower business for Reliance. This new entity is rumored to be called TowerCo and it might also receive investments from Singapore state investment agency Temasek and American Tower. The report also said that Reliance is spinning off its wireless tower business to separate the heavy cost of building telecoms infrastructure from the parent company. |
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