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Deals Rumor Mill: Reliance, Bertelsmann, Silk Road Fund

By Benjamin Horney (November 24, 2015, 5:01 PM EST) -- Reliance Communications Ltd., India's fourth-largest wireless carrier, is closing in on an agreement to sell its mobile-phone masts unit to either one or a consortium of private equity firms, Reuters reported Tuesday. According to the report, Reliance could strike a deal by as soon as next week to sell the unit, of which it owns about 96 percent. Potential buyers were not disclosed. The unit, which boasts about 45,000 masts, is expected to be valued at roughly $3.5 billion....

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