Telecom tower infrastructure firm, Quippo-WTTIL is exploring options to offload stake including through IPO, reports the Economic Times. The company plans to offload 10% stake within two months for a value of about Rs 1,500 crore.

Following this, the company aims to list in the stock exchanges within a year.

In the new structure, the company expects to hold on to its 46% stake in the JV along with its existing partners. The new strategic investor will buy out the debt of the company and thereby become a partner in the 46% stake.

The company hopes to start recording profits from next fiscal.

The report also highlights that the company counts its tenancy ratio as its differentiator and does not necessarily gives importance to number of towers.