RCOM get regulatory nod for Infratel IPO

15 Jan 2010

Indian telco Reliance Communications (RCOM) has received regulatory approval for the planned initial public offering (IPO) of its tower unit, Reliance Infratel, Reuters reports. According to the report no details were released regarding the timeframe for the offering, although an RCOM spokesman did confirm that the Securities and Exchange Board of India (SEBI) had approved the proposals.

RCOM first unveiled plans for the IPO in February 2008, but these were swiftly shelved in response to the global economic slowdown. In September 2009 the company however revealed it was readying a new prospectus to submit to the SEBI, and it was reported 10% of the equity in Infratel would be offered to investors; following the mooted IPO RCOM is expected to retain an 85% share in the infrastructure provider.

India, Reliance Communications (RCOM),

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Browse

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share