Anil Ambani group today announced a Rs 50,000-cr deal to merge its telecom tower business with GTL infrastructure, a move that would help RCom cut down its debts by more than half.

The Boards of RCom, its subsidiary Reliance Infratel Ltd. and GTL Infrastructure today in-principle approved a Rs 50,000-crore (USD 11 billion) deal to create the world’s largest independent telecom infrastructure company, neither owned nor controlled by any telecom operator, the company said in a statement. Source

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