NEW DELHI, Sept 30 (Reuters) - Tata Teleservices [TATASL.UL], India’s sixth-ranked mobile operator, said on Wednesday it has signed an agreement to share the mobile towers of state-run telecom Bharat Sanchar Nigam Ltd [BSNL.UL] for 15 years.
Financial terms were not disclosed.
Predominantly a CDMA operator, Tata Teleservices is expanding its GSM-based services and said the agreement to use BSNL’s towers in all of India’s 22 telecoms zones would speed up its network roll-out and save costs.
Japan’s NTT DoCoMo (9437.T) owns a 26 percent stake in Tata Teleservices. (Reporting by Devidutta Tripathy; Editing by John Mair)