New Delhi: Tata Teleservices is looking at disposing off its 49 per cent stake in its tower subsidiary Wireless Tata Telecom Infrastructure Ltd in the next two months. The company has short listed as many as 15 bidders which include tower companies such as GTL and Quipo. TTSL has over 10,000 towers, while Tata Teleservices (Maharashtra) has 3,500 towers. Bharti Infratel, which has nearly 50,000 towers, had recently divested 10 per cent stake to global investors for about $1 billion giving it an enterprise value of $10-$12.5 billion. Reliance Communications'' tower business was valued at Rs 28,000 crore for 14,000 towers in 2007.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment