Tag: Space Teleinfra Private Limited

Tower InvIT to acquire Space Teleinfra for Rs 900cr

Tower Infrastructure Trust (Tower InvIT) announced that it has signed binding agreements to acquire Space Teleinfra Private Limited (STIPL), a indoor coverage solutions provider in India. Tower InvIT will be acquiring STIPL for an equity consideration of INR 900 crore (subject to closing adjustments) and additional milestone-based considerations, which will be funded through a combination…