Reliance Communications held its fifth annual general meeting where Chairman Anil Ambani revealed that the group plans to list reliance Infratel on the stock exchanges. It maybe remembered that the firm that planned to list Reliance Infratel last year as well but had to give up the plans due to the severe meltdown.

The move to revive plans to list the company suggests that the company feels that the markets are relatively well placed now.

It will shed off 10 % stake through the listing. The Chairman said that he expects the demand for passive infrastructure to double in the next two years.

Reliance Infratel is expected to command good premiums on the exchanges as it enjoys one of the best latency ratios in the industry. It has multiyear contracts from operators including Etisalat, S Tel, Aircel and TTSL apart from supporting RCom’s networks.

Ambani also said that RCom should clock strong cash flows in near future as the firm has already reached its peak capex level and henceforth the capex need will decline.