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RCom to sell tower assets to Tillman-TPG
2015-12-07 09:11:00| Telecompaper Headlines
(Telecompaper) Indian mobile operator Reliance Communications (RCom) has signed a non-binding agreement to sell its telecom towers to Tillman Global Holdings and private equity buyout group TPG Asia. Tillman and TPG will acquire RCom's tower assets and related infrastructure. The specified assets are intended to be transferred from Reliance Infratel into a separate special purpose vehicle that will be owned 100 percent by Tillman and TPG. RCom plans to use the proceeds of the proposed transaction to reduce its debt.
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Category:Telecommunications