Mexico’s Telcel, UAE’s Etisalat and Russia’s Altimo are in the race to pick up equity worth around $1 billion in TTSL.

Mexico’s Telcel, UAE’s Etisalat and Russia’s Altimo are in the race to pick up equity worth around $1 billion in TTSL. According to industry sources, the deal may be concluded at an enterprise valuation of over $10 billion for TTSL, translating into roughly 10 per cent stake for the potential suitor.