Reliance Communications eyeing a potential sale of stake in Reliance Infratel
India’s fourth largest carrier is looking into monetising its towerco subsidiary’s assets to support the development of new 4G services
It seems as though the deal flow in the Indian tower market is resuming again after the slowdown in the wake of the 2012 telecoms regulatory restructuring. Details emerged this week about a major potential transaction with the controlling share of India’s one of India’s largest towercos being put up for sale. The substantial investments being made by the leading Indian carriers in spectrum auctions are starting to have an impact on the market, and the race is on to meet increasing demand for data services and grab a share of the future market for 4G in India.