GTL Infra

GTL may give shares to RCom for tower biz

GTL may give shares to RCom for tower biz

Infrastructure Company, GTL Infrastructure, is also open to the possibility of giving away shares worth $3 billion to Reliance Communications (Rcom) for its mobile-phone towers business.

The information was given by two people close to the development who did not want to show their identity.

This value is triple the value of GTL at present in the market and if the deal goes ahead then the Mumbai-based company will also become liable for the $3.9 billion worth of debt that Rcom has at present.

India's Reliance Comm and GTL Set to Make the Largest Telecom Infrastructure

India's Reliance Comm and GTL Set to Make the Largest Telecom Infrastructure

India's No. 2 mobile carrier, Reliance Communications decided to sell its telecoms tower business to GTL Infrastructure Ltd., to construct the largest telecom infrastructure firm of the World, which would not be controlled by any telecom operator.

Financial terms of the deal have not been revealed by the Company yet, but the combined business would worth over $11 billion and would possess more than 80,000 towers, with more than 125,000 occupancies from 10 operators.

GTL Infra Forms Strategic Alliance With Ericsson UK

India's leading telecom infrastructure company, GTL Infrastructure Ltd (GIL) has formed a strategic alliance with Ericsson UK to deliver managed network infrastructure services to network operators and service providers in the UK.

As per the deal, Ericsson will integrate GTL’s services in the pre-bid (RFP) stage and generate opportunities for managed infrastructure from its managed services activity in the UK market. Ericsson currently has comprehensive Managed Services contracts with tier-1 mobile operators in the UK.