Read this article to learn:
- The short term objectives of the Reliance Infratel sale
- The timeline of the pending transaction
- The debt profile of RCOM, and the deal’s projected impact
- What still needs to happen for the deal to be completed
By Nidhi Dhruv, Assistant Vice President, Moody’s Investors Service Reliance Communications Limited’s (RCOM, Ba3 with a stable ratings outlook) planned sale of its towers and related assets is credit positive because it will significantly improve the company’s financial profile. Specifically, the proceeds will help substantially lower the company’s adjusted debt over the next 12 to…
