Reliance Communications: End of an era, and the beginning of another?
In about three months from now, if Reliance Group chief Anil Ambani has his way, he would have sold the spectrum, tower, fibre and real estate assets of Reliance Communications Ltd. A worker cleans a mobile store of Reliance Communications Ltd in Kolkata, in September 2016. The divestments, together with the sale of RCom’s media convergence nodes and exit from a strategic debt restructuring exercise with its lenders, will mark the end of an era for the company he inherited after a 2005 settlement with older brother Mukesh Ambani. Earlier this month, group company Reliance Infrastructure Ltd said it had signed a definitive binding agreement to sell its Mumbai power business to Adani Transmission Ltd for Rs 18,800 crore. The big question is how Reliance Group, previously known as the Anil Dhirubhai Ambani Group, will look now as it exits from its flagship telecom business.
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