SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Unitech Wireless, the telecom venture of the real estate developer Unitech Ltd, has signed an infrastructure sharing deal with Wireless-TT Infoservices Ltd (WTTIL), the tower arm of Tata Teleservices Ltd and Quippo Telecom Infrastructure Ltd. With the tower sharing agreement, Unitech's deal with Norway's Telenor would be closed very soon now. According to officials, this signing was the key element for the closing.

Unitech is expected to receive Rs 1,250 crore as the first tranche from Telenor this month, which would help the developer to pay Rs 2,000 crore from its outstanding debt. In October, Unitech sold 60% stake in its telecom venture Unitech Wireless for Rs 6,120 crore to Telenor. The developer had said the total investment would come by September 2009 in tranches, as per business plans.

 

Unitech Wireless will roll out its GSM services by the second half of 2009, and this deal will give the telecom firm access to 40,000 sites. The deal marks an important milestone in the rollout, as it will considerably shorten the time to market for Unitech Wireless.

 

GSM equipment vendors including Nokia, Ericcson, Huawei and Alcatel Lucent have submitted tenders and orders are expected to be placed within a week. For its IT requirement, Unitech is in talks with IT vendors including TCS, HP, Wipro and Tech Mahindra and same would be announced in two weeks.

 

Unitech Wireless will lease tower infrastructure across India and will leverage on the existing and future tower and the backbone infrastructure of WTTIL. An agreement for the provision of transmission has been entered into with Tata Teleservices Ltd. Tata Tele sold 49% stake in its tower arm, WTTIL, to Quippo Telecom, a tower company, which will have an inventory of about 22,000 towers by April 2009.

crackcrack

Unitech Share Price

4.90 -0.16 (-3.16%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 855.85
Dilip Buildcon 450.15
DLF 595.85
Oberoi Realty 1695.70
Ahluwalia Contract(I 833.35
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×