The latest round of rumours of the prospective sale of Reliance Infratel started in Q2 of 2015 and with a shortlist of potential buyers leaked later that year in August, Reliance Communication’s sale of its towerco subsidiary Reliance Infratel (RITL) has seen many twists and turns in the intervening months; these include a failed period of exclusive negotiation, the emergence of a new potential buyer, and then a merger announcement between Reliance Communications and Aircel.
Reliance Communications (RCom) owns a 96% stake in RITL with the remaining 4% stake owned by minority and institutional investors including George Soros’ Quantum, NSR Partners, Galleon, HSBC Daisy Investment, Drawbridge Towers, Investment Partners B and New Silk Route.
