SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Reliance Communications to sell its 95-percent stake in tower unit

19 Aug 2011 Evaluate

Reliance Communications, flagship company of the Anil Dhirubhai Ambani Group (ADAG) of companies, has hired UBS to sell the company’s 95-percent stake in tower unit Reliance Infratel. The company has been in talks with several strategic and private-equity firms, including that of Blackstone and UAE's Etisalat, asking $5 billion for the stake. Meanwhile, UBS has reached out to US companies American Tower and Crown Castle International, India's Viom Networks. The bank has also reached out to private-equity firms Carlyle, Apax Partners.

Recently, RCOM has increased call charges by 20% from 1 paisa to 1.2 paise per second for both GSM and CDMA services in most of its operating circles. The company has hiked the call tariff due to inflationary pressure in the country.

The company reported net loss of Rs 272 for the quarter ended June 30, 2011 as compared to net loss of Rs 491 million for the June quarter of the previous year. Its total income has decreased by 10.42% at Rs 2854 crore for the quarter from Rs 3186 crore for the corresponding quarter of the last fiscal

Reliance Comm Share Price

0.94 -0.03 (-3.09%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharti Airtel 1758.15
Vodafone Idea 12.19
Indus Towers 410.70
Tata Communications 1571.35
Bharti Hexacom Ltd. 1466.35
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×