Construction and Engineering
Company Overview of Reliance Infratel Limited
Reliance Infratel Limited builds, owns, and operates telecommunication towers, optic fiber cable (OFC) network, and related assets; and provides these passive infrastructure assets on a shared basis to wireless and other communications service providers, as well as to non-communications customers under long-term contracts. The company customers use the space on its telecommunication towers to install active communication-related equipment and operate their wireless communications networks. The company was formerly known as Reliance Telecom Infrastructure Limited and changed its name to Reliance Infratel Limited in January 2008. The company was founded in 2001 and is based in Mumbai, India. R...
Dhirubhai Ambani Knowledge City
Founded in 2001
Key Executives for Reliance Infratel Limited
Chief Technology Officer of Network Business and Vice President
Compliance Officer and Company Secretary
Compensation as of Fiscal Year 2015.
Reliance Infratel Limited Key Developments
Reliance Communications Mulls Sale Of Stakes in Reliance Infratel
Aug 18 15
Reliance Communications Ltd. (NSEI:RCOM) is seeking to sell stakes in Reliance Infratel Limited. Reliance Communications Ltd. has shortlisted American Tower Corporation (NYSE:AMT) apart from private equity firms The Carlyle Group LP (NASDAQ: CG), The Blackstone Group L.P. (NYSE:BX), Farallon Capital Management, L.L.C. and Tilman Financial for buying up to 100% of its stake in unit Reliance Infratel Limited. "The formal process for sale of a controlling 51% stake in Reliance Infratel was launched a few weeks back, and has got a very positive response, the company has shortlisted a smaller number of very credible interested parties to progress to the next round of the process," Reliance Communications told the stock exchanges in a statement after an earnings call on August 17, 2015. While RCom didn't name any of the shortlisted bidders, it said that it had received indicative non-binding bids from a number of interested buyers. In fact, some of the shortlisted bidders want to buy out RCom's stake in Reliance Infratel completely. "The due diligence process has now commenced. Further announcements will be made, as and when appropriate," Reliance Communications said, adding that the sale proceeds from the proposed deal would substantially reduce RCOM's overall gross debt during the current financial year through March 31, 2016. Standard Chartered and SBI Capital are running the sale process. ATC, Blackstone and Farallon Capital didn't respond to requests for comment while Tillman executives couldn't be reached. Carlyle said it didn't have any comment.
Investors Reportedly Eyes Stake In Reliance Infratel
Aug 17 15
As many as three companies are in race to acquire a controlling stake in Reliance Infratel Limited from Reliance Communications Ltd. (NSEI:RCOM). A tower company and two private equity firms are in the fray, while two of them have expressed interest to acquire the entire stake in Reliance Infratel, sources close to the development told BusinessLine. While the names of the companies could not be immediately ascertained, American Tower Corporation (NYSE:AMT) according to sources, is the one company in the fray. American Tower, on its part, declined to comment on what it termed as “market speculation”. When contacted an RCom spokesperson declined to comment. A number of bidders had also expressed interest to acquire the entire stake held by RCom in Reliance Infratel. The company has also shortlisted a number of “credible” firms for the next round and has begun due diligence process. It, however, did not disclose the name of the bidders.
RCOM Provides Updates On Infratel Sale Process
Aug 17 15
Reliance Communications Ltd. (NSEI:RCOM) has informed BSE that the formal sale process has been launched for Reliance Infratel Limited. RCOM informed that the process was launched a few weeks back and a very positive response has been received for the sale of 51% stake. RCOM has received indicative non-binding bids from a number of interested buyers and has short-listed a smaller number of very credible interested parties to progress to the next round of the process. Some buyers have expressed interest to acquire 100% stake in Infratel. The due diligence process has now commenced.
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