GTL Infrastructure to acquire Aircel’s towers, GTL Infrastructure Stock CUES,

GTL Infrastructure, Buzzing Stock, GTL Infrastructure Stock CUES, stock advice, stock news GTL Infrastructure, stock Updates GTL Infrastructure,

GTL Infrastructure Stock CUES
GTL Infrastructure to acquire Aircel’s towers

GTL Infrastructure, a company that leases out towers to cell phone operators, is planing to acquire Aircel’s towers for Rs 40bn in an all-cash deal,according to a report. The report stated that GTL has outbid rival Tata-Quippo in the negotiations to buy the 17,500 towers of Aircel that will take its total to 33,000 and will give it access to another 20,000 that are being set up. The enterprise value of the deal may be around Rs 85bn, including a debt of Rs 45bn, report adds.