Three buyers in talks to buy Aircel’s 17,000 towers

Sources say Tata Quippo and GTL Infrastructure in talks to buy Aircel towers

Bhaskar Hazarika

Telecom operator Aircel is in talks with three potential buyers to sell its 17,000 telecom towers. Chief operating officer of Aircel, Gurdeep Singh said the company plans to conclude the deal in a month or two.

“We are in the final stages of negotiation with the three potential buyers to sell the towers. We have not yet reached at the conclusion but are likely to finalise it,” Singh said.

However, Singh declined to reveal the names of the companies. Of the total 38,000 towers, Aircel owns around 17,000 towers. According to industry insiders, Tata Quippo and GTL Infrastructure are the two main players in the fray.

Malaysia’s mobile operator Maxis Communications holds 74 per cent in Aircel.

© Financial Chronicle