American Tower, Carlyle among bidders for RCom’s tower unit

Reliance Communications (RCom) has received bids from five to six companies, including American Tower and private-equity firm Carlyle, to acquire a majority stake in its tower unit. The bids reportedly would value Reliance Infratel, the country’s third-largest tower company, at …

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Idea Cellular looks to offload tower business for $1.2B – report

Idea Cellular, India’s third-largest mobile operator, is reportedly working on a INR78.5 billion ($1.2 billion) deal to sell its independent tower business. According to The Economic Times, Malaysia’s Axiata and American Tower Corporation (ATC) have expressed interest in the business, …

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Airtel tower deal raises more than $300M

India’s largest operator Bharti Airtel raised $310 million through a secondary sale of shares in its towers unit Bharti Infratel, with the proceeds earmarked primarily for debt reduction. This is not the first time the operator has chosen to offload …

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Bharti Infratel reports strong Q3

Indian tower operator Bharti Infratel, benefiting from higher operator capex and falling energy costs, reported strong profit and revenue growth in the last quarter. Its profit for fiscal Q3 ending 31 December increased 23 per cent year-on-year to INR5.08 billion …

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Reliance Jio signs tower sharing deal with Bharti Infratel

Indian operator Reliance Jio Infocomm has signed a tower sharing agreement with local infrastructure provider Bharti Infratel across the country.