By Amrit Raj
RCom says will be able to pare debt by more than half much before December 2018.
The development will further impede its efforts to pare its huge debt.
Vodafone and Bharti Infratel own 42% each while Idea owns 11.15%. US private equity firm Providence owns the balance 4.85%.
The sale of the combined assets, pegged at over $1.5 billion in enterprise value, is being negotiated with potential buyers.
Airtel’s will use the firm’s expertise in improving network experience, machine learning, big data and provide better customer experience.
Telstra said two weeks ago it was considering doing a deal with investors by which it will get upfront a chunk of the A$1 billion per year.
The acquisition will make Edotco the biggest independent telecoms tower operator in the South Asian nation.
Menlo Capital is the majority shareholder of MRC Allied, a PH listed company.
Fujitsu has also drawn interest from Tokyo-based Polaris Capital Group and Britain’s CVC Capital Partners.
It plans to raise 61.73 billion yuan ($9.25 billion) in a private placement.