Srei Info set to close tower deal

Srei Infrastructures telecom subsidiary,Srei Infocom,is close to buying around 60% stake in Luxembourg-based Millicoms tower assets in Tanzania for around Rs 400 crore....

Srei Infrastructures telecom subsidiary,Srei Infocom,is close to buying around 60% stake in Luxembourg-based Millicoms tower assets in Tanzania for around Rs 400 crore. Millicom is a Nasdaq-listed telecom services provider (known for brand Tigo across Europe and the US) in countries spanning across Africa and the US.

It is learnt that after having had talks with many prospective suitors across the globe,Millicom has finally closed in on Srei as the latter is willing to offer 40% stake in the entity post deal (a condition laid by Millicom for the buy-out),a source with direct knowledge of the development said.

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telecom

Police personnel seen to control the situation during a massive protest over the statehood demand and the inclusion of Ladakh under the Sixth Schedule, in Leh on Wednesday. (ANI Video Grab)

Statehood protest takes violent turn in Ladakh, BJP office set ablaze in Leh

India4 hr ago

Protests in Ladakh turned violent as students and youth organisations demanded statehood and Sixth Schedule status. Two elderly protesters fainted, prompting a shutdown call. A BJP office and security vehicle were set on fire. Activist Sonam Wangchuk urged for a peaceful approach. The demand for Sixth Schedule status is due to Ladakh's tribal-majority population and direct central administration.

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