An infrastructure fund set up by Macquarie, a Sydney-based finan ial services company, and the State Bank of India (SBI) is in the process of buying a stake in the WTTIL-Quippo combine

An infrastructure fund set up by Macquarie, a Sydney-based financial services company, and the State Bank of India (SBI) is in the process of buying a stake in the WTTIL-Quippo combine. The Macquarie-SBI Infrastructure Fund is likely to pay $310 million for around 10 per cent of Quippo Telecom Infrastructure Limited’s (QTIL) stake in the combine. QTIL currently holds 49 per cent stake in WTTIL-Quippo. The deal, which is expected to be completed in the next two weeks, will see Macquarie’s representatives on the board of WTTIL-Quippo. QTIL is planning to use this money to pay part of the Rs 45 billion debt raised to fund the WTTIL-Quippo deal.