 "Reliance Communications clears barrier in Sistema merger")
Telecom companies and private equity (PE) funds have shown preliminary interest in buying the various assets Reliance Communications is monetising. As well as a stake in the truncated RCom, which will primarily have only its business-to-business (B2B) segment.
Under a debt restructuring plan, apart from selling assets like telecom towers, spectrum, optical fibre and real estate, RCom has suggested its consortium of banks convert part of their loans into a 51 per cent majority equity in the truncated company.
Airtel has shown interest in buying some of the spectrum, as well as telecom equipment of RCom’s wireless business, up for
