Quippo Telecom Infrastructure Limited (QTIL) is in the process of aising around $600 million through a combination of equity and debt.

Quippo Telecom Infrastructure Limited (QTIL) is in the process of raising around $600 million through a combination of equity and debt. Of this, about $185 million has already been raised. The telecom tower company intends to use these funds to finance its expansion plans, which include increasing the tower count from 5,000 to 25,000 by 2010 and a possible acquisition of equity stakein TTSL’s tower business. QTIL has reportedly appointed London-based investment bank Euromax Capital as one of the advisers for the fund raising.