US private equity firms TPG Capital and Carlyle Group are in talks to buy

RELATED ARTICLES Canada, German firms eye Reliance Cap unit stake Thomas Cook sells Indian arm stake to Fairbridge Alibaba buys back 20% stake held by Yahoo for $7.1b Rakesh Jhunjhunwala hikes stake in 4 companies Gail, OIL among 11 companies bidding for stake in RGTIL

a stake in the tower unit of Reliance Communications, Bloomberg reported, citing people with knowledge of the matter.

Reliance Communications, controlled by billionaire Anil Ambani, has also received interest from Blackstone Group and London-based Apax Partners, the news agency reported.

Reliance Communications could not be immediately reached for comment on the matter.

Last week, the debt-laden Indian telecom firm said it had received several offers for its 95% stake in its tower arm but did not name the bidders.

The company, which has seen its profit slide in seven straight quarters, has been trying to raise funds to cut debt.

An agreement to spin off the tower arm Reliance Infratel into a venture with GTL Infrastructure fell apart last year and a separate plan to sell up to 26% in the mobile carrier itself did not yield any takers.