2 posts and columns on Reliance Communications Ltd.

Voices

Reliance to Sell Tower Assets to GTL

in News on June 28, 2010 at 5:00 am PT

Reliance Communications Ltd. said Sunday it agreed to sell the tower assets of its Reliance Infratel unit to Indian telecom infrastructure company GTL Infrastructure Ltd. as it seeks to reduce its debt and fund expansion. Reliance Communications and GTL said the deal, for an undisclosed sum, will create a combined entity with more than 80,000 towers and an enterprise value of more than 500 billion Indian rupees ($11 billion).

Voices

Cellphone Entertainment Takes Off in Rural India

in News on November 23, 2009 at 3:02 pm PT

In the furthest reaches of India’s rural heartland, the cellphone is bringing something that television, radio and even newspapers couldn’t deliver: Instant access to music, information, entertainment, news and even worship.