Reliance Comm tower deal called off : GTL Infra

After a high-level committee , GTL Infrastructure announced that its deal with Reliance Communications to merge their telecoms tower businesses has been called off.

In June, GTL and Reliance Comm agreed to combine their tower operations that would own more than 80,000 towers and have an enterprise value of over $11 billion. GTL has not given any specific details about why the deal was called off.The non-binding term sheet signed by the companies expired on Aug. 31