Aircel aims to finalise deal for tower sale in coming weeks

6 Jan 2010

Indian mobile network operator Aircel has revealed it is preparing to finalise a buyer for 17,000 of the telecom towers it operates across the country, the Economic Times reports. The operator utilises approximately 38,000 towers in total to provide service, but only owns 17,000 of these. Commenting on the forthcoming sale Aircel CEO Gurdip Singh said: ‘We have not concluded the deal. We are in the final stages of discussions with three players and will finalise a buyer in the next four to six weeks.’ It is understood that Tata Quippo and GTL Infrastructure are two of the likely candidates for the acquisition.

India, Aircel