Change In The Top Brass Of QUIPO

Quipo Telecom Infrastructure Limited (QTIL) announced major announcements at
the top positions. Arun Kapur, who has been spearheading the Telecom business
since its inception, take larger role & responsibility by stepping into the
Board of QTIL and is being appointed as Managing Director - QTIL. In this
leadership position, he will facilitate the telecom leadership team to maintain
the leadership position in the telecom tower market and tap other strategic
revenue streams.

Kapur, in his capacity as a Group President & MD, Telecom would now
direct his energies to initiate Organization building activity at the group
level and tap other strategic revenue streams and help Quipo achieve its Future
Vision.

The mantle of leading QTIL team henceforth moves to Probal Ghosal who joins
as Chief Executive Officer. He makes a shift from Bennett Coleman & Co,
where he was Director-Finance of The Times of India Group.

In his 23 years of work experience, Probal has many notable achievements
including JVs with international media companies; orchestrating the 'Private
Equity' partnership model through investment in equity/acquisition/performance
based revenue sharing for various customers in different sectors; IPO of the
Group's radio business subsidiary in domestic market; played a key role in
International funding for Internet/Technology business.

Probal has been instrumental in evaluating new business opportunity and
introduced start up venture with robust business model through strategic
partnership with eminent global players.