May 26, 2018 3:24 AM ET

Diversified Telecommunication Services

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 incorporated in 2001 and is based in Navi Mumbai...

H Block

1st Floor

Dhirubhai Ambani Knowledge City

Navi 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: 57
Chief Technology Officer of Network Business and Vice President
Age: 63
Head of Project
Age: 62
Executive Director
Age: 53
Compliance Officer and Company Secretary
Age: 54
Compensation as of Fiscal Year 2017.

Reliance Infratel Limited Key Developments

Eleven Bidders For Submits Expression Of Interests For Acquiring Reliance Infratel

Several domestic and international tower companies, telecom operators and global private equity (PE) majors have submitted expressions of interest for acquiring Reliance Infratel Limited. There have been 11 bidders for the firm including Indus Towers Limited, Brookfield Infrastructure Partners L.P. (NYSE:BIP), The Carlyle Group L.P. (NasdaqGS:CG), ATC, Bharti Infratel Limited (NSEI:INFRATEL), Reliance Jio Infocomm Limited, TPG Capital, L.P., I Squared Capital Advisors, LLC and Gateway Partners Limited.

Lenders Block RCOM's Property Sale Plans

Lenders to Reliance Communications Limited (NSEI:RCOM) have rejected the company's proposal to sell 17 properties in India and repay INR 1.1 billion to Ericsson India Private Limited, which had filed an insolvency petition in September 2017 against three Reliance companies with the Mumbai Bench of the National Company Law Tribunal. The three companies against which Ericsson had filed the petition were Reliance Communications Limited, Reliance Infratel Limited and Reliance Telecom Limited. Reliance Communications Limited cannot sell assets without permission from its lenders as its loan account is in a standstill state till December 2017.

Reliance Communications Limited Promotes Suresh Rangachar as Executive Director of Reliance Infratel Limited

Reliance Communications Limited announced that at its board meeting held on October 2, 2017, it has elevated Mr. Suresh Rangachar, who currently heads the Fiber and Tower Business as Director of Reliance Infratel Limited as Executive Director of RITL. Mr. Rangachar has been with the company for the last 17 years.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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