Reliance Communications (RCom) is optimistic that the company’s debt will be reduced by Rs 10,000 crore and come down to Rs 25,000 crore in the next 12 months. The company is planning to monetize its real estate assets and is in advanced stages of negotiations for the same. The stake sale should happen in 90-120 days and is valued over Rs 5,000 crore and all proceeds from the sale will go in debt repayment.
Reliance Communications is India’s foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.
