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Bids for Rel Comm's tower unit by Friday

Published on Wed, Jun 06, 2007 at 14:20 |  Source : Moneycontrol.com

Updated at Thu, Jun 07, 2007 at 11:48  

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Reliance Communication s has sent an info memorandum to potential investors in the Tower Company . The preliminary bids for Tower Company are likely to be in by Friday and will be valued based on the number of tenants and not towers.

 

Reliance Communication will be the anchor tenant and the towers are capable of hosting a minimum of four tenants

 

By March 2008, the number of towers likely to come up will be 37,000, which would go up to 50,000 by March 2010. The towers are capable of hosting multiple technology.

  

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