Tower Arm

Idea Cellular has put on block 100 percent stake in its tower arm, dropping its earlier plans to sell a minority stake in the business, people close to the telecom operator told CNBC-TV18. They say the company is looking to sell 11,000 telecom towers for close to USD 1 billion.

RCom-Brookfield in advanced talks to wrap up tower deal: Sources

Reliance Communications is advanced stages to complete the sale of its tower arm to private equity investor Brookfield Asset Management. The deal is likely to be completed this week, reports CNBC-TV18's Kritika Saxena.

Bharti Airtel may sell stake in Infratel via block deals

Bharti has been cutting its stake in Infratel, which got listed a few years ago, and this time it could be pared by over 5 percent. At current market capitalisation, this will help the company raise over Rs 3,200 crore.

Idea likely to divest 26% in tower arm: Sources

Idea Cellular is likely to divest 26% of its tower arm business, reports Kritika Saxena quoting reports. Idea had hived off its tower operation from itself. It has around 9000 towers in all excluding the Indus Towers which is a joint venture with Vodafone and Bharti.

RComm says gets offers for stake in tower arm

Reliance Communications said on Tuesday several firms had offered to buy out its controlling stake in its tower arm.

Bidders seek significant discount for Rel Comm's tower arm

Bidders for Reliance Communication tower arm is seeking a significant discount rate, reports CNBC-TV18’s Kritika Saxena quoting sources. After the failure of GTL deal there has been a turmoil in the telecom business and owing to which the overall valuation of tower arms has dropped.

Bidders seek discount for RCom tower arm; stock up 4%

Reliance Communications touched an intraday high of Rs 95.05 and an intraday low of Rs 90.85. At 13:51 hrs the share was quoting at Rs 94.50, up Rs 3.85, or 4.25% on the NSE. According to Sources, bidders are seeking significant discount for company's tower arm, reports CNBC-TV18.