NEW DELHI: Reliance CommunicationsBSE -0.69 % is veering towards a complete exit from the telecom tower business, with the process to sell its stake in unit Reliance Infratel in the final stages with four bidders — US-based Farallon Capital, Carlyle, Tillman Capital and American Tower Corp — left in the fray, people familiar with the matter said.
"Two of the bidders want to buy out RCom's entire stake, while the two others want 51%. RCom would prefer to completely exit the tower business...
Reliance Communications on course to exit from telecom tower business
"Two of the bidders want to buy out RCom's entire stake, while the two others want 51%. RCom would prefer to completely exit the tower business...
Reliance Communications on course to exit from telecom tower business