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Articles tagged with: Reliance Communications and Reliance Infratel
India's Reliance Seeks $1 Billion from Tower Sale
India's Reliance Communications has outlined plans for a US$1 billion floatation of its tower operating division, Reliance Infratel within the next few months. The company will be offering ten percent of its equity to investors, giving the whole unit a valuation of around US$10 billion. more
Reliance Inks Indian Network Sharing Deal with Etisalat
India's Reliance Communications has agreed to a passive infrastructure sharing deal with greenfield operator, Etisalat DB. Under the terms of the agreements, Etisalat and its local subsidiary would outsource their telecom infrastructure requirements for the 15 telecom circles, encompassing end-to-end tower and transmission infrastructure to Reliance Infratel and Reliance Communications, respectively. more
Related Tags: rcom, etisalat, etisalat-db, swan-telecom, passive-infrastructure, infrastructure-sharing, India
Reliance Communications Debt Ratings Affirmed at LAAA
Indian debt ratings agency, ICRA has assigned a long-term rating of LAAA each to the Rs. 30 billion Non-Convertible Debenture (NCD) Programme and the Rs. 100 billion proposed Long-Term Fund-Based Facilities of Reliance Communications (RCOM). Further, ICRA has reaffirmed the LAAA rating assigned earlier to the Rs. 201.56 billion Long-Term Fund Based/Non-Fund Based Limits of RCOM. more
Related Tags: itu, rcom, cdma, reliance, gsm, icra, debt-ratings, passive-infrastructure, presence, India
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. more
Related Tags: rcom, reliance, towers, India
Reliance Announces Plans to Sell Stake in Tower Ops
India's Reliance Communications has 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. The company filed its intention to launch the IPO with the Securities & Exchange Board of India (SEBI). It typically takes about a month for the board to approve the IPO terms - and another month to arrange the sale itself. more
Related Tags: ipo, reliance, backhaul, passive-infrastructure, towers, India