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Aircel to sell towers to GTL Infra for $1.8bn

CIOL Bureau

12 Jan 2010 00:00 IST

Updated On 12 Jan 2010 22:15 IST

New Update

MUMBAI, INDIA: Indian telecoms tower firm GTL Infrastructure agreed to buy the tower assets of Aircel for about 85 billion rupees ($1.8 billion), sources said.

GTL Infrastructure will buy 17,500 telecom towers owned by Aircel, a unit of Malaysia's Maxis Communications.

The deal is expected to be announced on Thursday.

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