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RELIANCE COMMUNICATIONS SIGNS BINDING AGREEMENTS WITH BROOKFIELD INFRASTRUCTURE AND ITS INSTITUTIONAL PARTNERS FOR SALE OF ITS TOWERS BUSINESS  

LARGEST EVER INVESTMENT BY ANY OVERSEAS FINANCIAL INVESTOR IN THE INFRASTRUCTURE SECTOR IN INDIA  

RCOM AND RJIO TO CONTINUE AS MAJOR LONG TERM TENANTS  

RCOM TO UTILISE CASH RS. 11,000 CRORE (US$ 1.6 BILLION) SOLELY TO REDUCE DEBT  

RCom jumped over 8% and were trading at Rs 38 per share at 1257 hours on BSE Sensex.