Rcom Hived Off Its Tower Enterprise To GTL Infra

In a bid to scale back debt and funding in GSM/CDMA community up-gradation, Reliance Communications (Rcom), India’s single largest Twin Know-how Cell Service orator hived off its cell tower enterprise to GTL Infrastructure for Rs 50000 crore ($11 billion).

After the above deal to GTL infra turns into world’s largest telecom infrastructure firm not managed by a telecom operator.

The boards of the Reliance communication and and GTL Infrastructure (GTL Infra), have permitted the transaction. The deal will likely be carried out via a demerger of Reliance Infratel’s tower property into GTL Infra.

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