Tower Business

Tower business sale to improve RCom's financial profile, says Moody's

RCom, parent firm of Reliance Infratel Ltd which has 43,379 towers across India, intends to use the proceeds to cut net debt by 75 per cent -- from Rs 39,894 crore to under Rs 10,000 crore.

DoT likely to send showcause notice to Bharti Airtel

The Department of Telecom will send a supplementary show cause notice to Bharti Airtel for transferring its tower business to Bharti Infratel, reports CNBC TV18's Malavika Jain.

RCom close to PE deal for selling tower unit

The deal, which could be worth $4 billion, is expected to be announced in the next two weeks