Tower Deal Will Benefit Both RCom And GTL

India's Reliance Communications (RCom) reached an agreement to offload its communications towers to local firm GTL Infrastructure. The deal, which had been expected for some time, saw both companies' shares rise on the Bombay Stock Exchange. RCom shareholders will receive shares in GTL as part of the deal, although details were not disclosed. The deal bodes well for both companies, allowing them to focus on their areas of expertise, which should benefit the market as a whole.

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