Description: Billionaire Anil Ambani’s Reliance Communications Ltd. will cut its debt by at least $3 billion by selling its mobile-phone transmission towers, people familiar with the deal said.

Source: Bloomberg.com
 
Date: 06/27/2010

Link: http://www.bloomberg.com/news/2010-06-27/gtl-to-buy-reliance-communications-towers-to-expand-mobile-phone-network.html

Questions for discussion:

• Summarize the transaction described in the report?
• What were the benefits derived for each side?
• How will cash flow be affected at Reliance?
• Was this a “good deal” for both parties or did one side benefit more?
• What alternatives were available to Reliance?
• Would you have made this deal?