KOLKATA: Srei Group’s Quippo Telecom Infrastructure could invest around Rs 6,000 crore over the next 2-3 years for a stronger thrust in the telecom tower business.
According to sources, this funding is likely to happen mainly through debt.
Quippo, set up as the country’s first equipment bank, has already invested about Rs 2,000 crore in this area. This quantum was financed through debt funding from Singapore, The Netherlands and Germany. Quippo acquired Spice Telecom’s tower business in the north.
Tata Teleservices, the Tata Group’s telecom subsidiary is selling a 49% minority stake in Wireless Tata Telecom Infrastructure and SREI’S Quippo is said to be a key bidder for this stake.
The entire tower business company is valued at Rs 16,800 crore and thus a 49% stake could be valued at Rs 8,200 crore.
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