GTL-RCom

Saudi looks forward to buy stake in GTL-RCom entity

Saudi looks forward to buy stake in GTL-RCom entity

As per sources, one of the largest mobile company in West Asia, Saudi Telecom Company is interested in buying 10-15 per cent stake in GTL-Reliance Infratel.

The sources said that the GTL-R Infratel is looking forward to raise close to $9 billion by this sale and November is going to be the month for the completion of the deal.

While no official figures have been revealed till now, it is expected that the total dilution will not exceed 20-25 per cent. And the stake will be sold at the market price.