Idea Seeks to Mon­e­tise Tow­ers Unit

The Economic Times - - Front Page -

Idea Cel­lu­lar is look­ing to raise funds by sell­ing some or all of its stake in its tower busi­ness and has frozen hir­ing as part of a strin­gent cost-cut­ting drive to im­prove fi­nances and bet­ter take on Re­liance Jio In­fo­comm, whose en­try re­sulted in the No. 3 tele­com op­er­a­tor post­ing its first net loss since list­ing.

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