Reliance Communications (RCOM), India's biggest mobile phone carrier, reportedly is close to clinching a deal as the company is in advance stages of talks with private equity firms Carlyle and Blackstone to sell its tower unit. The deal which is expected to be to be announced in the next two weeks could be worth $4 billion.
The mobile carrier has posted nine straight drops in quarterly profit and in efforts by the company to help bring in much needed funds it has been trying to sell the tower unit for more than one-and-half years.
Recently, RCOM had unveiled a new tariff plan ‘Mera Pack Rs 148’ for its customers in a bid to take over competition. This plan offers its subscribers 1,000 minutes of local calls within Reliance network and 500 local minutes to any other network on a recharge of Rs 148.
