GTL Infra to buy Aircel towers for $1.8 bln

Last Updated: Thursday, January 14, 2010 - 11:38

Mumbai: Mobile infrastructure firm GTL Infrastructure on Thursday said it would buy the tower assets of Aircel in deal valued at Rs.84 billion ($1.8 billion).
GTL Infra said it would buy 17,500 towers owned by Aircel, a unit of Malaysia`s Maxis Communications, through a slump sale of assets.
GTL said it would make equity contribution of Rs.17.50 billion for the acquisition, which would be done through a special purpose vehicle.

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First Published: Thursday, January 14, 2010 - 11:38

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