Reliance Communications expects to seal mobile tower deal in 2 weeks

January 25, 2016 12:14 PM

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Reliance Communications expects to seal mobile tower deal in 2 weeks

MUMBAI India's Reliance Communications Ltd (RCom) expects to reach a deal to sell its mobile phone masts business to a group of companies led by buyout firm TPG Capital Management LP in the next two weeks, its chief executive said on Monday.

RCom last month signed a non-binding pact to sell the business to TPG and Tillman Global Holdings LLC, a U.S. firm that invests in telecoms and energy infrastructure businesses.

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