May 22nd, 2015 10:17 PM 6 COMMENTS

Hit by spectrum auction, Idea to sell its towers Multinationals show interest in the deal

Idea Cellular, one among the debt-laden companies after expensive spectrum auction as part of fresh capital-raising plans is planning to sell its to sell its independent towers. The Aditya Birla Group subsidiary is looking for a Rs 7,580-crore ($1.2 billion) revenue from the deal. Sources reveal Economic Times that Malaysia’s Axiata, Bharti Infratel and American Tower Corporation (ATC) have expressed their interest in the deal. Idea Cellular is India's third... Read More

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