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July 31, 2015 5:42 PM ET

Construction and Engineering

Company Overview of Reliance Infratel Limited

Company Overview

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...

H Block

1st Floor

Dhirubhai Ambani Knowledge City

Navi Mumbai

Mumbai,  400710

India

Founded in 2001

Phone:

91 22 3038 6286

Fax:

91 22 3037 6622

Key Executives for Reliance Infratel Limited

Chief Financial Officer
Age: 55
Chief Technology Officer of Network Business and Vice President
Age: 61
Head of Project
Age: 60
Compliance Officer and Company Secretary
Age: 52
Compensation as of Fiscal Year 2015.

Reliance Infratel Limited Key Developments

Top Private Equity Firms Interested in Reliance Infratel

Farallon Capital Management, L.L.C., Tilman Financial and The BlackStone Group L.P.(NYSE:BX), American Tower Corporation (NYSE:AMT) and The Carlyle Group LP (NasdaqGS:CG) are among the top initial bidders seeking to acquire a 50% stake in Reliance Infratel Limited from Reliance Communications Ltd. (NSEI:RCOM), people familiar with the matter said. UBS, Standard Chartered PLC (LSE:STAN) and SBI Capital Markets Limited are running the stake sale process, in which due diligence is expected to be carried out in July-August 2015. RCom is seeking a valuation of INR 250-300 billion for its tower arm. This includes debt of about INR 80 billion, to be transferred to the tower company once the stake sale is completed.

Carlyle And American Tower To Reportedly Acquire Reliance Infratel Majority

American Tower Corporation (NYSE:AMT) and The Carlyle Group LP (NasdaqGS:CG) are among the top initial bidders seeking to acquire a 51% stake in Reliance Infratel Limited from Reliance Communications Ltd. (NSEI:RCOM), people familiar with the matter said. Standard Chartered PLC (LSE:STAN) and SBI Capital Markets Limited are running the stake sale process, in which due diligence is expected to be carried out in July-August 2015. 5 to 6 companies have shown interest and the bids value Reliance Infratel at INR 200 billion to INR 240 billion. The valuation includes about INR 80 billion of debt. The due diligence is expected to be carried out by Jul 2015 to Aug 2015, followed by management presentations and definitive bids. The transaction is expected to close by the end of September 2015 or October 2015.

Reliance Communications To Monetize Noncore Assets

Reliance Communications Ltd. (NSEI:RCOM) intends to monetize its noncore assets in order to reduce the debt-to-Ebidta ratio to about 3 in 18-24 months. The company intends to hive off DTH business, divest stake in international operations at Reliance Globalcom Services, Inc. and a possible divestment in its tower unit Reliance Infratel Limited, among others. “We are looking to bring down our debt-to-Ebidta ratio to around 3 within 18-24 months and are looking at monetising our non-core assets to deleverage the balance sheet,” Reliance Communications’ (RCom) Chief Executive Officer (consumer business) Gurdeep Singh said. He added: “For this, we are looking at hiving off the DTH business, stake sale in our international operations at Reliance Globalcom, monetization of our real estate assets, as well as a possible divestment in Reliance Infratel, which handles our towers portfolio.”

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