Quippo makes highest bid for Tata towers

2 Jun 2008

According to the Economic Times, Quippo Telecom Infrastructure (QTIL) is the top bidder for a 49% stake in Tata Teleservices tower business. Last month QTIL managing director Arun Kapur said that the company plans to spend USD3 billion in 2008-2009 to boost its telecoms infrastructure business. Meanwhile, a Tata spokesperson said, ‘We are in discussion with several players for offloading a minority stake in our tower business and cannot comment any further on speculative queries.’