Carlyle and Blackstone (BX) are in separate discussions to acquire a substantial stake in the...

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

Carlyle and Blackstone (BX) are in separate discussions to acquire a substantial stake in the tower unit of Indian mobile carrier Reliance Communications, which values the subsidiary at around $4B, the WSJ reports. The sides need to agree on a price and lease agreements that the unit, Reliance Infratel, has with other operators.