Has bid for Aircel’s 11,500 towers, valued at about $2 billion

Quippo Telecom Infrastructure (QTIL), the telecom tower subsidiary of SREI Infrastructure Finance, has completed the merger of its over 5,000 towers to Wireless Tata Telecom Infrastructure LTD (WTTIL).

The merger of Quippo Telecom Infrastructure (QTIL) and Wireless Tata Telecom Infrastructure (WTTI), the tower arm of telecom major Tata Teleservices, was completed on Tuesday along the terms set in January’09.

Quippo Telecom, a pure play telecom tower company, on Wednesday completed the acquisition for a 49 percent stake in the tower arm of Tata Teleservices for Rs 2,367 crore

Tata Teleservices Limited, the country's youngest and fastest growing pan-India telecom service provider, and Quippo Telecom Infrastructure Limited,

It will be hard to imagine India and Indonesia kick-starting financing in the region for new and untested sectors, but the two countries are emerging as the frontrunners for financings related to the telecom tower businesses...

May monetise assets to plough cash into mobile services

The Tata group is looking at offloading around 26 to 49 per cent stake in its telecom tower infrastructure company – Wireless-TT Infoservices (WTTIL) – and is in talks with a clutch of global and Indian investors. WTTIL, an unlisted company, is expecting to finalise a bidder by May.

Tata Teleservices Ltd (TTSL) plans to sell as much as 49% of its mobile-phone-tower unit by May.

Rolling out infrastructure in one of the world’s fastest growing telecom market requires heavy investments. Tata Teleservices Ltd (TTSL), for instance, is rolling out mobile infrastructure in two new circles—Assam and North East.