RCOM’s board has given its in-principle approval for the divestment of up to 26 per cent stake in the company to a strategic or private equity investor

RCOM’s board has given its in-principle approval for the divestment of up to 26 per cent stake in the company to a strategic or private equity investor. The potential buyers for this stake include MTN and UAE-based Etisalat. Meanwhile, RCOM is planning to transfer all the assets of Reliance Infratel to an independent entity and merge it with an external tower service provider. It is learnt to be in talks with GTL Infrastructure, which has about 32,000 towers, for the same.