India: RCom, Brookfield to revise mobile tower deal

India: RCom, Brookfield to revise mobile tower deal

Photo: Hemant Mishra/Mint

Canadian alternative asset manager Brookfield will have to pay less than originally agreed for a 51% stake in Reliance Communications Ltd’s (RCom) mobile tower arm to reflect the reduced value of the asset after merger talks between the Anil Ambani-controlled telecom firm and Aircel Ltd collapsed.

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