Carlyle, TPG Said in Talks to Buy Reliance’s Tower Assets

TPG Capital and Carlyle Group are among private equity companies in talks about purchasing a stake in Reliance Communications Ltd.’s mobile-phone towers unit, said three people with knowledge of the matter.

Reliance Communications, India’s second-largest mobile phone operator, also has received interest from potential investors including Blackstone Group LP, the world’s biggest private equity firm, and London-based Apax Partners LLP, said one of the people, who declined to be identified because the discussions are private.