ADAG’s RCom to sell telecom towers to 2 firms
Q. RCom has agreed to sell telecom tower assets and related infrastructure to which company/ies?- Published on 07 Dec 15
a. Tillman Global Holdings LLC
b. TPG Asia
c. Both of the above
d. None of the above
ANSWER: Both of the above
ADAG led RCom has agreed to sell its telecom tower and associated infrastructure to Tillman Global Holdings LLC and TPG Asia. RCom has 45,000 phone towers valued at about Rs. 22,000 crore and optic fibre assets worth another Rs. 8,000 crore, taking the total deal size to Rs. 30,000 crore. This marks the largest acquisition in the telecom space.