Some are also taking legal recourse to recover their unpaid billed amounts.“If we shut the tower, Rcom will not have a revenue source to pay us. But we refuse to incur any further expense which uses our cash,” said a person close to developments. “We have just shut a part of the network,” said another.Anil Ambani’s flagship company Reliance Communications’ network runs partly on its own towers and partly on rented towers. Indus Towers, Bharti Infratel, American Tower Company and GTL Infrastructures are the main tower firms which rent tower space to Rcom. It owes GTL and its unit CNIL about Rs 95 crore, said one person.

Source: Economic Times October 06, 2017 03:33 UTC