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GIP said to mull deal for infrastructure firm tower Vision India

The private equity firm has been sounding out financing for a potential deal that could value Tower Vision India at about $300 million to $400 million, said the people, who asked not to be identified discussing private information.

November 30, 2022 / 06:37 AM IST
(Representative Image)

(Representative Image)

Global Infrastructure Partners is exploring a potential acquisition of Tower Vision India Pvt, an independent telecommunications infrastructure provider in India, people with knowledge of the matter said.

The private equity firm has been sounding out financing for a potential deal that could value Tower Vision India at about $300 million to $400 million, said the people, who asked not to be identified discussing private information.

GIP already owns a significant stake in Indian tower owner Ascend Telecom Infrastructure Pvt. Deliberations are ongoing and GIP could decide not to proceed with a transaction, according to the people.

Representatives for GIP and Tower Vision didn’t immediately respond to requests for comment.