The source further added, after the completion of the deal, Reliance Infratel will be renamed as TowerCom Infrastructure and soon after, Brookfield Infrastructure will buy 100 per cent equity share capital in the new entity with RCom holding 49 per cent economic upside. According to the deal, Brookfield will pay RCom upfront cash of Rs 11,000 crore for 51 per cent interest whereas RCom will retain 49 per cent stake in the business, which will be monetised later.
Brookfield Infrastructure has funds under management to the tune of $250 billion.
At Rs 11,000 crore, this will be the largest ever investment in the infrastructure space in India and it will also be the single-largest investment in the telecom
infrastructure space. RCom had already announced that it will utilise the entire Rs 11,000 crore to reduce debt.
Apart from this, RCom also hopes to reduce the debt of Rs 14,000 crore through the wireless business in collaboration with Aircel.
With proceeds from these two deals, RCom is likely to fulfill its statement that Rs 25,000 crore will be paid to lenders before September 30, 2017.