Article: India: GTL Infra, Tata-Quippo & Bharti Infratel In Race For Aircel Tower Biz.

Byline: datta03

Aircel s tower business sale is in its final lap. The telecom major, in which Malaysia s Maxis Telecom holds 74% stake, has shortlisted GTL Infrastructure, Tata-Quippo combine and Bharti Infratel for a potential $2-billion sale of its tower business. As the transaction entered its final stage, Aircel has decided to exit the tower infrastructure operations completely, sources with direct knowledge of the developments said.

The three passive telecom infrastructure players were short-listed two weeks back after the final bids were filed on October 12, 2009. American Tower Company (ATC) and Crown Castle International, the two global giants ...

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