`

Feedback

Reader's Poll

Which of the following technologies/concepts are likely to witness significant traction this year?
 
Any data to show

Teledata

Tele Data

Mobile Subscribers Yearwise comparision

Brookfield, RIL to soon sign agreement for proposed sale of Jio’s tower assets

June 12, 2019
E-mail Print PDF

Brookfield Asset Management Company and Reliance Industries Limited (RIL) are expected to sign a term sheet for the proposed sale of Reliance Jio’s telecom towers in the next 7-10 days.

As per industry sources, the diligence process will be initiated after signing of the term sheet while a final binding agreement is proposed to be signed by early August 2019.

Further, RIL chairman, Mukesh Ambani is also likely to invest in Jio’s towers in his personal capacity.

Reliance Jio Infratel Private Limited’s tower portfolio comprising 170,000 towers is currently valued at around Rs 360 billion ($5 billion), of which Rs 250 billion is to be funded through equity. Once the build-out phase is completed, it is likely to be levered up further for an enterprise valuation of $7 billion.

These assets are likely to generate 12-13 per cent returns based on the tenancy lease assumptions. Reliance Jio is the main tenant in these assets.

The operator is expected to ramp up its tower count to 260,000 by first half of this fiscal year.

 
 
  • Most Viewed
  • Most Rated
  • Most Shared
  • Related Articles
 Your cart is empty

Keysight-delhi

juniper

Monday morning