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Updated on: Tuesday, May 28, 2019, 11:56 PM IST

Tata Tele in talks with ATC for tower biz stake sale

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New Delhi: Tata Teleservices is in talks with American Tower Corporation to sell its entire stake in the mobile tower business for about Rs 2,500 crore at a price of Rs 212 per share.  “Tata Teleservices sold half of its stake to American Tower Corporation (ATC) in October 2018. It is option to sell the rest of the stake it holds along with Tata Sons in this fiscal.

The process for sale has started for valuation of around Rs 2,500 cr at Rs 212 per share,” a source, who did not wish to be identified, told PTI.  No immediate reply was received from ATC and Tata Teleservices on an e-mail query sent to them in this regard.

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Published on: Thursday, April 25, 2019, 05:40 AM IST
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