RComm tower arm in advanced talks for infra sharing deal - exec
NEW DELHI (Reuters) - Mobile phone carrier Reliance Communications Ltd's (RLCM.NS) telecommunications tower arm is in "advanced" stages of discussions with three carriers for "a large" infrastructure sharing deal, a senior company executive told analysts on a conference call.
Gurdeep Singh, chief executive of Reliance Communications' wireless business, did not give any further detail.
Singh said it was "premature" to comment on contours of any potential deal, when asked if the company was open to lease out its towers to Reliance Industries Ltd (RELI.NS) at a discount to market price.
Reliance Industries, controlled by India's richest man Mukesh Ambani, holds 4G permits for all of India, and has long been expected to take Reliance Communications towers on rent to roll out high-speed Internet services.
(Reporting by Devidutta Tripathy, editing by Anurag Kotoky)
- Tweet this
- Share this
- Digg this
Trending On Reuters
A brief meeting between India's Prime Minister Narendra Modi and his Pakistani counterpart appears to have salvaged a summit of South Asian leaders, with all eight countries clinching a last-minute deal to create a regional electricity grid. Full Article