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Reliance Communications to sell 5 percent stake in 6.75 billion dollars tower company

Anil Ambani, chairman of Reliance Communications, speaks during a news conference at the company's headquarters in Mumbai, India, on Thursday, July 19, 2007. India's second-biggest mobile services provider, Reliance Communications Ltd (RelComm), said a group of investors across the US, Europe and Asia have agreed to buy a 5 percent stake in its tower company Reliance Telecom Infrastructure Ltd (RTIL), based on a valuation of 6.75 billion US dollars. Photo by Abhijit Bhatlekar/Pictobank

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Anil Ambani, chairman of Reliance Communications, speaks during a news conference at the company's headquarters in Mumbai, India, on Thursday, July 19, 2007. India's second-biggest mobile services provider, Reliance Communications Ltd (RelComm), said a group of investors across the US, Europe and Asia have agreed to buy a 5 percent stake in its tower company Reliance Telecom Infrastructure Ltd (RTIL), based on a valuation of 6.75 billion US dollars. Photo by Abhijit Bhatlekar/Pictobank