MUMBAI: India's Reliance CommunicationsBSE 0.00 % said on Wednesday it had applied to a tribunal to withdraw a plan to spin-off its towers business, as a first step towards renegotiating the deal after ending plans to merge its wireless business with a rival.
As part of plans to cut its heavy debt load, RCom had agreed to sell a 51 per cent stake in the tower arm to Canada's Brookfield for 110 billion rupees ($1.7 billion). It had also planned to combine its wireless business with that of...
RCom says applies to withdraw towers spin-off plan
As part of plans to cut its heavy debt load, RCom had agreed to sell a 51 per cent stake in the tower arm to Canada's Brookfield for 110 billion rupees ($1.7 billion). It had also planned to combine its wireless business with that of...
RCom says applies to withdraw towers spin-off plan