December 28th, 2011 
admin 
The Times of India reported on Monday that Indian mobile phone carrier Reliance Communications is in the final stages of talks with private equity firms Carlyle CYL.UL and Blackstone (BX.N) to sell its tower unit.
The deal that may be worth $4 billion is expected to be announced in the next two weeks, the newspaper said without citing any sources.
India’s second biggest mobile operator, the debt-ridden Reliance Communications, has posted nine straight drops in quarterly profit and is trying to sell the sell the tower unit for more than one-and-half years to help bring in much needed funds.
A spokesman for Reliance Communications did not offer any comment.
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