TTSL is planning to raise more than $1 billion by selling 15-30 percent stake to private equity and strategic investors.

May 15, 2008 | Archive News

TTSL is planning to raise more than $1 billion by selling 15-30 percent stake to private equity and strategic investors. The company reportedly plans to use the funds for expanding its current CDMA services as well as the soon-to-be-launched GSM services. TTSL is believed to be in talks with potential buyers for the stake, and has appointed Lazard Capital as manager for the stake sale.

TTSL is planning to raise more than $1 billion by selling 15-30 percent stake to private equity and strategic investors.

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