NEW DELHI 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)
Trending On Reuters
The man Prime Minister Narendra Modi has tasked with launching a China-style infrastructure boom calls himself a "bulldozer" and promises to add two percentage points to India's economic growth in two years. Full Article