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Bharti Infratel, Brookfield keen to buy RCom’s tower assets, says report
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Bharti Infratel and Canadian equity fund firm Brookfield Asset Management are keen on buying the tower assets of Reliance Communications (RCom), which are expected to be put on the block after the insolvency proceedings begin, Business Standard reported, citing sources. A Bharti Infratel spokesperson told the paper that the company is evaluating the options and …
Continue reading “Bharti Infratel, Brookfield keen to buy RCom’s tower assets, says report”
Bharti Infratel and Canadian equity fund firm Brookfield Asset Management are keen on buying the tower assets of Reliance Communications (RCom), which are expected to be put on the block after the insolvency proceedings begin, Business Standard reported, citing sources.
A Bharti Infratel spokesperson told the paper that the company is evaluating the options and is open to opportunities if there is a strategic fit.
As of now, Bharti Infratel is in the process of undergoing a reverse merger with Indus Towers and is set to be the largest player in the tower business with 1,65,000 towers. RCom has over 43,000 towers and 1,70,000 km of fibre in the country, the report said.
According to sources, Brookfield is in talks with Reliance Jio to lease out RCom’s towers, in case it wins the bid, on a long-term contract, added the report.
Disclosure: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.
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