Tata Tele - Quippo merger: Tata Teleservices Limited and Quippo Telecom Infrastructure Limited of SREI Infrastructure merges
Indian telecom service provider Tata Teleservices Limited and Quippo Telecom Infrastructure Limited, promoted by the Kanorias of SREI Infrastructure Finance Limited, today announced the merger of their passive infrastructure businesses to create India’s largest Independent Telecom Infrastructure Company.
Tata Teleservices Limited and Quippo Telecom will swap 51 per cent and 49 per cent stake, respectively, in the infrastructure business held by them.
Source:
Money Control
