Jan 6, 2009

Business - Tata teleservices sell tower unit stakes to Quippo

New Delhi,January 5 (ANI):India's Tata Teleservices has agreed to sell a 49 percent stakes in its telecom tower arm to another Indian tower firm,valuing the business at an enterprise value of 130 billion rupees.In a bid to cut costs,Indian mobile operators are increasingly sharing base stations and tying up with independent operators.

Addressing the press conference in New Delhi on Monday,Anil Sardana talked about their new business venture with Quippo Telecom Infrastructure Ltd.

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