GTL poised to bag Aircel’s telecom towers

14 Jan 2010

India’s Economic Times is reporting that GTL Infrastructure is on the verge of signing a deal to acquire 17,000 telecom towers from mobile network operator Aircel. The value of the deal is thought to be around INR85 billion (USD1.85 billion), and it has been claimed that the agreement between the two companies has already been reached, with an announcement possible as soon as the end of the week. GTL already owns a network of more than 23,700 towers and should it ink the deal with Aircel it will become one of the largest infrastructure providers in India.

The news follows reports earlier this month that Aircel was preparing to sell the infrastructure; the cellco provides services using some 38,000 towers, of which it only owns 17,000.

India, Aircel