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Tata-Quippo May Tap PE Route To Pare Debt

Posted on February 08, 2010

After losing the race to acquire Aircel s tower business, Tata-Quippo, one of the largest independent telecom tower firms, is back in deal action and is now pursuing a private equity deal.SREI Group company, Quippo Telecom Infrastructure Ltd (QTIL), merged with Wireless Tata Telecom Infrastructure Ltd (WTTIL) to emerge as a formidable player in the tower space only to be rivaled by GTL Infrastructure Ltd when it recently scripted a $1.84-billion buyout of Aircel's de-merged tower operations.QTIL, which currently holds a 49% stake and management control of the Tata Quippo combine, paid Rs 2,3...

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