aircel_logo

Aircel Plans to Buy Back Previously Sold Telecom Towers to GTL Infrastructure

Comments Off on Aircel Plans to Buy Back Previously Sold Telecom Towers to GTL Infrastructure 154

Malaysia’s Maxis-owned Aircel, which has received badly needed cash infusions from its parent over the past few months, is considering buying back the telecom towers it sold in 2010 to GTL Infrastructure, said two people familiar with talks.

“The conversations are preliminary, but there is a thought that it may be better to own the network again, rather than making settlements,” said one of the two, referring to compensation for not taking up tower slots as promised. Aircel, reeling under Rs 24,000-crore debt and looking for a suitor until last year, got shareholder loans of more than Rs 6,000 crore in the last eight months, said the second person. Original post at Economic Times Telecom

Wahengbam Rorrkychand

View all contributions by Wahengbam Rorrkychand

Website: http://www.blog.tonsetelecom.com

Similar articles

Get in Touch

Phone: +91 80 4093 6921
Web: www.tonsetelecom.com

NewsLetter