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Quippo buys 49% in Tata Tele tower arm

PUBLISHED ON: January 5, 2009 | Duration: 2 min, 22 sec

   
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Tata Teleservices and Quippo Telecom has merged their passive infrastructure business, pursuant to which the combined entity will become the largest independently managed tower company in the country with a valuation of Rs 13,000 crore. Under the terms of this partnership, Tata Teleservices and Quippo Telecom will swap 51 per cent and 49 per cent stake, respectively.
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