De-Merger Of Tower Business Of RCOM & RTL Into RITL

RCOM- The Parent

Indian Internet access & telecommunications company Headquartered in Navi Mumbai, India. 5 Segments:
Wire-Less Broadband Global Segment Investment Segment Customer Care & DTH Activities

RTL 1st Child

Incorporated on 1st March, 1994. Based in Navi Mumbai, India

A subsidiary of Reliance Communications Ltd.

Reliance Telecom Limited provides cellular services in India.

RCIL 2nd Child

Incorporated in 1997 Based in Mumbai, Maharashtra. Provides wireless multimedia and internet access services.

Operates as a subsidiary of Reliance

Communications Ltd.

RITL Grand Child

Incorporated on the 16th April 2001 in Navi Mumbai, India. Formerly known as Reliance Telecom Infrastructure Limited Operates as a subsidiary of Reliance Communications Infrastructure Limited. Builds, owns, and operates telecommunication towers, optic fiber cable (OFC) network, and related assets

Provides passive infrastructure assets on a shared basis to wireless

and other communications

Objectives
Asset-light Enhance competitiveness Unlocking of financial value for 2 Mn RCOM Shareholders

Shareholders Benefits
Enhanced financial flexibility and cost efficiency Reducing capex requirements and leveraging on RCOM's own Balance Sheet

Conversion of cost-centric assets to revenuecentric ones

DE-MERGER
RCOM & RTL Involved in Tower Business

Transferred of Tower Business with Passive Infrastructure Assets Tower Business RITL ( formerly known as RTIL)

Asset Involved: 13,849 Wireless Towers

PARTIES IN PLAY
Reliance Communications Limited (RCOM)
Reliance Telecom Limited (RTL) Reliance Communications Infrastructure Limited (RCIL)

Reliance Telecom Reliance Infratel Limited Infrastructure Limited (RTIL) (RITL)