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This is an archive article published on December 26, 2007

Spice to sell 875 towers

Spice Communications on Wednesday said that it will sell 875 telecom...

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Spice Communications on Wednesday said that it will sell 875 telecom towers to a tower operating firm and raise over $800 million through debt. Its board meeting okayed the proposal, the B K Modi promoted company said. Spice

Communications has also decided to avail borrowing facilities of $810 million from HSBC and China Development Bank.

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