SBI Caps TCIL

Telecom Consultants India to Appoint SBI Caps to Chart Exit from Bharti Hexacom

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Telecom Consultants India (TCIL) will shortly appoint SBI Caps to chart its exit from Bharti Hexacom, in which it holds a 30 per cent stake, as part of a move aimed at boosting cash flows for meeting growing operating and capital expenditure needs.

Bharti Hexacom, a unit of Bharti Airtel, runs cellular services in Rajasthan and the Northeast. It has nearly 19.5 million customers, with more than 62,500 additions last month, according to the latest numbers released by the Cellular Operators Association of India (COAI). The Rajasthan circle was one of Airtel’s top five growth markets last month in terms of customer additions. Orginal post at ET Telecom

Wahengbam Rorrkychand

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

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