Blackstone, Carlyle in Talks with Reliance Communications

India's Reliance Communications is in exclusive talks with private equity firms Blackstone Group and Carlyle Group to sell its telecoms tower unit, Reuters reported, citing the Times of India. A consortium of Blackstone and Carlyle was likely to complete a deal by December that was expected to value the towers at more than $3.5 billion, the newspaper said, citing an unnamed source familiar with the process.

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