Many companies have shown their keen interest in buying the tower business of Reliance Communications (RCom). These companies include names like Crown Castle, Blackstone, a PE firm, GTL and Americans Tower are currently interacting with Rcom for the purpose of buying the unit.

While Crown Castle is a US-based tower company, GTL is owned by Manoj Tirodkar Americans is the world's largest tower company. Blackstone is the world's largest PE firm. This shows that there is a huge potential lying unused in the sector which these firms want to use.

The news that Anil Ambani's RCom is going to restructures its ownership in the tower business and that is why it is looking out for partners. Reliance Infratel, the name of the tower arm has already received approval from the Board of Directors for the same purpose.

A person close to the development said that the takeover process will be done on a cash and stock basis. RCom expects to raise Rs. 15,000 crore which it would use for the purpose of repayment of its debt. After the stake sale, RCom will have no more control over the company.