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Quippo Telecom Infrastructure Limited (QTIL) is close to signing a partnership agreement with Wireless Tata Telecom Infrastructure (WTTL), the hived-off tower arm of TTSL.

October 15, 2008
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Quippo Telecom Infrastructure Limited (QTIL) is close to signing a partnership agreement with Wireless Tata Telecom Infrastructure (WTTL), the hived-off tower arm of TTSL. QTIL will, reportedly, transfer all its telecom assets, which include 5,500 towers, to WTTL and invest additional funds in the Tata-owned company in return for a 49 per cent stake in the merged entity.

The post-merger entity will have around 20,000 towers.

 
 
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