| GTL, IDFC form SPV for telecom stake buys |
| BS Reporter / Mumbai November 20, 2007 |
| Passive telecom infrastructure firm GTL Infrastructure (GIL) will form a special purpose vehicle with IDFC Project Equity Company to acquire and pick up strategic stakes in telecom infrastructure companies, being hived off by telecom operators and other independent tower companies. According to an official release issued by GTL to the BSE today, it has entered into a memorandum of understanding (MoU) with its promoter group arm, IDFC. Manoj Tirodkar, chairman, GTL Infrastructure, said: |
