Quippo Telecom Infrastructure Ltd (QTIL), a division of Quippo Infrastructure Equipment, an arm of Srei Infrastructure Finance, a leading non-banking financial institution, is planning to raise $4 billion through equity, debt and a combination of the two. The funds will be used to expand the tower business from 30,000 to 60,000 in the next two years.
“We are looking at doubling our tower business. It could be through both organic as well as inorganic growth. We are open to strategic alliances. Our main focus is cost-optimisation and maximum utilisation of funds,” said Quippo Telecom President Umang Das, on the sidelines of Venture Intelligence Apex ‘10.
Speaking on the company’s plans to come with an initial public offer (IPO), he said they were examining market conditions. “We are continuously exploring various options, including raising funds through funds, debt or a combination of two,” he added.