RTIL’s wireless towers portfolio comprised of 13,849 towers as on April 10, 2007. It has a presence in all 23 telecom ‘circles’ in the country. RTIL has a build-out plan for about 23,000 new towers during FY 2008.
STAKE SALE
• Seven institutional investors from the US, Europe and Asia to buy 5% of RTIL for Rs 1,400 crore
• Parent company RCom says will list RTIL on bourses to unlock value
• RCom did not disclose names of the investors in the company.
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