Aircel keenly interested in Indian 3G auction
www.WirelessFederation.com/news: The stiffening of the competition in the fast growing Indian telecom market has made the telecom operator Aircel highly interested in the upcoming 3G auction. This will help the company to offer premium-priced multimedia capabilities such as email and video on their mobile phones and the high-speed services that the bandwidth allows is expected to attract users willing to pay a premium.
74% of the company is owned by Malaysia’s Maxis Communications Bhd and the balance 26% stake in Aircel is owned by India’s Apollo Hospitals group. The company operates in 18 of India’s 22 telecom service areas.
Aircel’s talks are on with three companies to sell its tower operations; however, the names of the companies are not disclosed. The deal may be finalized in six to eight weeks. Bharti Infratel, which is the tower arm of Bharti Airtel Ltd., American Tower Corp., and Wireless TT Infoservices Ltd are some of the companies reported by the media to be interested in buying Aircel’s towers.