Sujana Towers Ltd has informed BSE that the Company has acquired 51% shareholding in Telesuprecon Ltd, a Mauritius based Company, undertaking Telecom infrastructure contracts in various cast / central African countries. The investment of the Company to acquire 51% shareholding of Telesuprecon was made at par.

Telesuprecon is in advanced stages of negotiations for securing Telecom infrastructure contracts of aggregate value about US$40 million to be executed over the next 12-21 months.