November 22, 2008

Sujana Towers acquires 51% in Telesuprecon Limited

Sujana Towers Limited said that it has acquired 51% shareholding in Telesuprecon Limited, undertaking Telecom infrastructure contracts in various cast in central African countries. The investment of the company to acquire 51% shareholding of Telesuprecon was made at par.

Telesuprecon is in advanced stages of negotiations for securing Telecom infrastructure contracts of aggregate value about US 40 million to be executed over the next 12 to 21 months.