Aircel in talks to sell towers
Aircel is in talks with three potential buyers to sell all its telecoms towers.
New Delhi: Mobile services operator Aircel is in talks with three potential buyers to sell all its 17,500 telecoms towers, Chief Operating Officer Gurdeep Singh told reporters on Tuesday.
Telecom companies in India are looking to save on costs by sourcing infrastructure including mobile masts from peers and independent tower companies as they expand to smaller towns and rural areas of the country.
Aircel is 74 percent owned by Malaysia`s Maxis.