RCOM to list Infratel unit on Indian bourses

4 Feb 2008

Reliance Communications (RCOM) has announced it intends to list its network infrastructure unit Reliance Infratel on the Bombay and National Stock Exchanges. The nation’s second-largest cellco by subscribers proposes to list about 89.16 million Infratel shares, which will constitute 10.05% of the post-issue paid-up equity capital. The company added that at least 60% of the issue shall be allocated on a proportionate basis to qualified institutional buyers and not less than 30% shall be available for retail individual bidders. The proceeds will be used to fund the development of infrastructure sites and for general corporate purposes.

India, Reliance Communications (RCOM),


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

Subscribe to CommsUpdate



Filter CommsUpdate by the following categories or use the search.


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


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.