Reliance Infratel Aims for 100,000 Towers in India

According to a filing with India's Securities and Exchange Board of India, Reliance Infratel, the tower operating subsidiary of Reliance Communications (RCom), will build 56,600 telecom towers by 2010, increasing the total number of towers to 100,000 throughout the country.

Currently, the company has around 36,900 towers.

The company also expects to increase the number of tenants per tower from the current average of 3.3 to 6, through adding support for 3G and WiMAX services.

Last week, RCom announced plans to float a shade over 10% of its tower's subsidiary, Reliance Infratel on the local stock market. The sale is estimated by analysts to be aiming to raise between US$1.25-$1.5 billion for the company.

Posted to the site on 8th February 2008