MUMBAI: The Brookfield Group is set to sign as early as Wednesday a definitive agreement with Reliance CommunicationsBSE 8.70 % to buy a majority stake in the Anil Ambani-controlled telecoms company’s tower unit for about Rs 11,000 crore.
The companies signed a non-binding pact on the transaction on October 14. The deal values the tower assets at more than Rs 21,500 crore. As per the understanding, the assets of RCom’s tower unit, Reliance Infratel, will be transferred to a special purpose vehicle.