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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India’s RCom looks to sell off tower unit

India’s fourth-largest operator Reliance Communications (RCom) is looking to sell off at least a majority stake in its tower unit for an estimated INR200 billion to INR250 billion ($3.13 billion to $3.9 billion). Reliance Infratel is the country’s third-largest tower company …

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