Reliance Communications (RCOM), the country’s second-largest wireless company, will adopt a three-pronged approach to unlock value for its shareholders.
RCOM will adopt a three-pronged approach to unlock value for shareholders and will also increase dividend payments to shareholders steadily.The company is in an advanced stage of selling a minority stake in Reliance Telecom Infrastructure India Ltd, its towers unit, to financial investors.
The company also plans to list the telecom tower unit on the local bourses. In the past four years, it has set up 14,000 towers and targeted 23,000 towers by the end of current calendar year.
Read more in The DNA Money article.
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