A man opens the shutter of a shop painted with an advertisement of Reliance Communications in Mumbai, India, November 3, 2015. REUTERS/Shailesh Andrade/Files
MUMBAI: India's Reliance Communications Ltd (RCom) expects to reach a deal to sell its mobile phone masts business to a group of companies led by buyout firm TPG Capital Management LP in the next two weeks, its chief executive said.
RCom last month signed a non-binding pact to sell the business to TPG and Tillman Global Holdings LLC, a US firm that invests in telecoms and energy infrastructure businesses.
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