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India's Tata Tele going slow on Aircel tower deal

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CIOL Bureau
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NEW DELHI: Tata Teleservices' telecoms tower joint-venture has not yet begun due diligence to buy some or all of unlisted Aircel's tower holdings, its managing director said on Tuesday.

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"Things are going slow," Anil Sardana told reporters at a news conference,

Tata Teleservices, India's sixth-largest mobile operator, owns 51 percent in Tata Quippo, the joint venture. Japan's NTT DoCoMoowns a 26 percent stake in Tata Teleservices.

Banking sources had told Reuters last month Aircel had shortlisted American Tower, Bharti Infratel, Crown Castle and Tata-Quippo for due diligence. 

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